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UK Manufacturing PMI Highest Since May 2011

4:30 AM ET Wed, 1 Feb 2012

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."