(IHS Markit) The UK recorded a manufacturing PMI of 57.9 in December, a slight decline from a three-month high of 58.1 in November.
A slight easing in supply chain constraints lifted the output while also relieving the sector of input costs, although logistical disruptions and staffing issues curtailed activity.
Output increases were recorded in consumer, intermediate, and investment goods sectors, with the rate of expansion hitting a four-month high.
New export orders fell, with the pace of growth at a four-month low, reflecting steep declines in the consumer goods sector. Capital goods exports rose at the quickest rate since August.
Manufacturing jobs rose for the twelfth straight month, maintaining a level close to a three-month high in November. The growth reflected improved demand and rising backlogs.
Inflationary pressures persisted, with factory prices hitting a new series record while input prices remained at one of the highest on record.
A majority of firms, 63%, held a positive outlook over the coming twelve months, with only 6% expecting a contraction.
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