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Evening Standard
Evening Standard
Business
Alex Daniel

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’

Economy SP Global Market Intelligence
Britain’s manufacturing industry suffered another downbeat month in December (Owen Humphreys/PA) - (PA Archive)

British factory output contracted at the fastest rate in 11 months in December, amid a swathe of job losses, growing concerns about rising business taxes and a worsening global economy.

The S&P Global UK manufacturing PMI survey, watched closely by economists, recorded a reading of 47.0 in December, from 48.0 in November.

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