- Fastest job creation since May 2011
- Production and new order growth at, or near, 19-year highs
The UK Manufacturing PMI for November rose to 58.4, the highest level since February 2011, according to figures released today by the Chartered Institute of Purchasing and Supply (CIPS).
Stephen Cooper, UK Head of Manufacturing, comments:
“It is encouraging for the UK to see yet another month of growth in manufacturing. This month’s increase in new orders and production has linked through in the UK to a growth in job creation which is a great result for the UK as this will reinforce the positive mood.
“We are seeing a general uptick in global markets in Europe, the USA and China. This is all good news and it looks like the light at the end of the tunnel is now becoming a reality.”
Nahidur Rahman, KPMG Press Office
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.