Manufacturing in growth for first time in 14 months

MANUFACTURING firms said output was up last month — for the first time in more than a year.

- By Samuel Norman

The S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) hit a 14-month high of 50.2 in November, up from 49.7 in October.

This placed the industry above the 50 mark which indicates if a sector is growing.

The survey closed a day before Rachel Reeves delivered her Budget on November 26. And S&P’s global market intelligence boss Rob Dobson said: “It will be interesting to see the extent to which business might react to the absence of any significant growth-promoting measures.