Manufacturing activity improved in December on strong demand

The report stated that customer demand improved again in the N rian private sector at the end of 2022, supporting further rapid increases in both new orders and business activity.

It added that “in turn, firms took on additional staff, albeit only slightly. Meanwhile, currency weakness continued to exacerbate cost pressures, subsequently feeding through to the second-fastest rise in selling prices since the survey began in 2014.”

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