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UK Manufacturing PMI Highest Since May 2011

Wednesday, 1 Feb 2012 | 4:30 AM ET

Chris Williamson, chief economist at Markit, told CNBC, "it is great news, big surprise for everyone, especially the output index which rose to above 55, now that is signalling a rate of growth and manufacturing output of around .5 percent quarter on quarter which is a big change of from the .9 decline we saw in the final quarter of last year."