Growth in manufacturing

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MANUFACTURERS have reported their best quarter results since 2011.

The Markit/CIPS purchasing managers’ index – where the 50 mark separates growth from contraction – showed a reading of 57.3 in December, down slightly on November’s 58.1, but marking the ninth month of rising output in a row.

The average reading for the final quarter of 2013 was the highest since the first three months of 2011, at 57.2.

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