Fleet News

UK manufacturing activity hits three-month low

Nissan production line

Manufacturing hit a three-month low in the UK in December, a survey suggests.

The Markit/CIPS Purchasing Managers’ Index was at 52.5 for the month, compared with 53.3 in both October and November. A figure above 50 suggests that the sector is growing.

However, overall UK manufacturing activity was strong in 2014, while manufacturing growth in the eurozone was close to stagnation in December, said Markit.

The survey suggests evidence of slowdown in the manufacturing sector, with output and new order growth at their second-weakest rates during the past year-and-a-half.

Exports remain weak, with overseas orders stagnating amid weaker economic growth in key markets and the continuing weakness in the Euro area.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee