Manufacturing growth jumps to four-year high

The sector looks set to deliver a boost to a wider economy which has been held back by the squeeze on household finances.

Britain’s factories enjoyed their strongest growth for more than four years last month thanks to an upturn in the global economy, closely-watched new figures showed.

The IHS Markit/CIPS manufacturing purchasing managers’ index (PMI) suggested the sector was growing at a quarterly rate of nearly 2%, delivering a much-needed boost to the sluggish wider UK economy.

November’s reading of 58.2 – on a measure where the 50-mark separates growth from contraction – was up from 56.6 in October and the highest level since August 2013.

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