A key survey of British manufacturing showed that activity had “shifted up a gear” in November and was starting to boost broader economic growth as the dominant services sector struggles against rising inflation. The purchasing managers’ index showed a reading of 58.2 in November, up from 56.5 in October. This was the highest level since August 2013 and the tenth best reading in the survey’s 26-year history. PMI surveys are based on information provided by selected companies to give an indication of what is happening in the private sector. They track output, new orders,…

Source: The Times December 02, 2017 00:04 UTC