Stephen Cooper, KPMG’s Head of UK Industrial Manufacturing comments on the Markit/CIPS UK Manufacturing PMI for January 2014 which showed the PMI at 56.7. He said:
“In January, the UK manufacturing sector showed the highest growth figures compared to the other sectors. The results also support the UK GDP figures for the sector which saw an above expectations increase for 2013 of 1.9% - the highest since 2007.
“On the global front, while the USA has shown solid underlying growth over the past year, the past month there saw a slowdown in output which has been linked in some part to the weather which had a negative impact on supplier deliveries. China is showing deteriorating manufacturing conditions which has been linked to their fragile economic conditions. Things are looking bright here at home however; the UK seems to be ahead of the rest of the world trend and we predict this will continue.”
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