UK manufacturing output rose for the second successive month in November, as the recent downturn in new business intakes halted. Survey data indicated that manufacturers benefited from improved domestic demand and a softer contraction in new export work. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMI®) rose to a 14-month high of 50.2 in November, up from 49.7 in October. This was the first reading above the PMI's neutral 50.0 mark since September 2024. The latest survey was conducted from 12-25 November, closing before the Chancellor's Budget announcement on November 26. Two of ... (full story)