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UK Manufacturing PMI missed market forecasts

Monday, Apr 03 2017
UK Manufacturing PMI missed market forecasts

The performance of the UK manufacturing sector remained solid at the end of the first quarter. Although rates of expansion in output and new orders lost further impetus following recent highs, they remained above the respective long-run averages. The domestic market was a key source of new business wins. The boost to export competitiveness from the weak sterling exchange rate also contributed to new work inflows.

The UK Markit PMI manufacturing index declined to 54.2 in March from a revised 54.5 in February, which was originally reported at 54.6. The reading for March was below consensus expectations of 54.6 and the lowest reading for four months.

More in this category: « Spanish manufacturing growth continues to ease at end of Q1 ISM Manufacturing PMI fell to 57.2 »

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