UK Preliminary Manufacturing PMI Beats Estimates in December

The UK manufacturing and services sector activities showed mixed performance in December, the preliminary report from IHS Markit showed this Wednesday.

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to a 37-month high level of 57.3 in December. The reading surpassed consensus estimates pointing to a modest uptick to 55.9 from 55.6 previous.