IHS Markit's latest PMI data for the manufacturing sector of the British economy was released on Tuesday morning.
LONDON — Britain's manufacturing slowed down into the end of 2017, but remained solid, according to the latest PMI survey released by IHS Markit on Tuesday.
December's reading for the sector came in at 56.3, down from 58.2 in November — a reading that was the highest in more than four years.
"The UK manufacturing sector ended 2017 on a positive note," a statement from IHS Markit said.
"Although December saw rates of expansion in output, new orders and employment slow from November’s highs, growth in all three remained solid and well above long-run trends."
The purchasing managers index (PMI) figures from IHS Markit are given as a number between 0 and 100.
Anything above 50 signals growth, while anything below means a contraction in activity — so the higher the number is, the better things look for the UK.
Here's the chart:
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