This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

December: A golden month for UK manufacturers

04 January 2011

It may have been snowing outdoors but the economy was warming up nicely for UK manufacturers in December, according to The Chartered Institute of Purchasing & Supply's activity index

The survey revealed the activity index jumped to 58.2 in December, up from 57.5 in November, according to a report from the BBC.

''Any reading above 50 indicates growth, and it's the 17th month in a row the index has remained over this level,'' said the BBC. ''However, firms' costs also rose at a record rate, and there's concern the data could add to pressure for the Bank of England to raise interest rates.''

But the story isn't all good news. Input costs rose at their fastest in the 19-year history of the survey, and the steepest price rises were reported in the food and drink sectors among others.

The BBC reported Rob Dobson, senior economist at Markit and author of the report, saying: "The UK manufacturing sector saw a truly spectacular end to 2010.

"The latest data are consistent with manufacturing production rising at a quarterly rate close to 2%, which should generate a meaningful contribution from the sector to economic growth in the fourth quarter to offset likely weakness in other sectors."

* The CIPS survey is produced with financial information services company Markit


Print this page | E-mail this page

RELATED CONTENT...


Article image Momentum remains strong in manufacturing sector

Growth in the UK’s manufacturing sector has continued to strengthen with order books and output touching an 18 year high for the second consecutive month, according to the latest CBI Industrial Trends Survey. Full Story...

Article image Government failing to promote UK manufacturing?

The Government is failing to promote UK manufacturing and remains more committed to the financial sector than UK industry, according to a poll commissioned by the Institution of Mechanical Engineers (IMechE). Full Story...

CBI: Moderate boost to output prospects for manufacturers as order books improve

EXCLUSIVE Where does food sector fit into Mactavish report?

42 Technology launches new manufacturing practice

MOST VIEWED...


Article image Spray and save on the glazing process

Food glazes are widely used in the bakery sector to improve the look and taste of baked products. Traditionally, this coating process has resulted in substantial waste. Technology advances mean that this is no longer the case. Full Story...

Article image Your flexible friend in the food factory

Suzanne Gill finds out where thermal imaging technology can help around the factory. Full Story...

What role does refrigeration play in the supply chain?

A dry-ageing process improvement

Self diagnostics: an enabler for predictive maintenance

http://www.appetite4eng.co.uk