UK output from companies involved in manufacturing equipment and parts continued on an encouraging upward trend in January, according to Office for National Statistics (ONS) data.
Output in January was 2.3% higher than in December, and 9.5% up on January 2016. In fact, output in January was the highest monthly output since the first quarter of 2015 and the six-month moving average has returned to mid-2015 levels.
On a quarterly basis, output ended 2016 on an improving trend, with October/December 1.1%