U.K. manufacturing PMI index likely to have risen marginally in January

U.K. economic figures have come out mixed in recent weeks. Retail sales in December came below expectations, while trade deficit had widened in November. However, industrial production figures for the month of November came in slightly above expectations and jobs report for the three-month period ended in November indicated a rebound in jobs.

A broadly followed estimate of month GDP figures for the U.K. revealed a better-than-expected rise of 0.6 percent in December and that came on the heels of an upward revision to November, noted Wells Fargo research report. The official fourth quarter economic growth data indicated a 0.5 percent rise sequentially. The manufacturing PMI had come in at 58.2 in November and 56.3 in December. According to consensus expectations, the manufacturing PMI is expected to have risen marginally to 56.5 in January.

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