In this briefing:
1. FLASH: UK PMI Builds on Inventories in Dec-18
- The UK’s manufacturing PMI increased by 0.6-points to 54.2 in Dec-18, contrary to Consensus expectations of a decline towards the weaker euro area readings.
- Inventory accumulation was mostly responsible for the headline strength. Car manufacturing weakness may offset this in Q4, though, and energy looks set to weigh on overall industrial production.
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