Economic Indicators, January 2016

Manufacturing slowdown

The manufacturing sector grew at its slowest pace for three months in December 2015. The Markit/CIPS UK manufacturing PMI fell by 0.6 points to 51.9 in December. However, this was still above average for 2015 and the sector has been expanding for almost three years.

Inflation unchanged in the Eurozone

Inflation in the Eurozone remained at 0.2% in December 2015, unchanged from November. The rate was lower than what was expected by economists.

GDP growth revised down

GDP in the UK grew by 0.4% in Q3 2015 – this is less than was previously estimated (0.5%). The estimate of GDP growth for Q2 2015 was also revised down from 0.7% to 0.5%. GDP has now been growing for 11 consecutive quarters in the UK.