Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

U.K. manufacturing PMI jumps to record-high 62.0

U.K. manufacturing PMI jumps to record-high 62.0 (by William L. Watts)

LONDON (MarketWatch) -- British manufacturing activity accelerated at a much faster-than-expected pace in January, data showed Tuesday, with the CIPS/Markit purchasing managers index for the sector rising to a survey-record high of 62.0. A reading of more than 50 indicates growth in activity, while a figure of less than 50 signals contraction. The December reading was revised up to 58.7. Economists had forecast a January reading of 57.9. "Robust demand was supported from both the domestic and overseas markets, suggesting that what we are seeing is not just an export-orientated recovery, but there are also signs of life in domestic consumer and business spending," said Rob Dobson, senior economist at Markit.