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UK Manufacturing PMI rose more than expected

Tuesday, Aug 01 2017
UK Manufacturing PMI rose more than expected

The rate of improvement in UK manufacturing operating conditions accelerated for the first time in three months at the start of the third quarter. This was highlighted by the seasonally adjusted Markit/CIPS Purchasing Managers’ Index® 50.0 (PMI®) rising to 55.1 in July, up from 54.2 in June. The headline PMI was boosted by stronger inflows 38.0 of new work, higher levels of production, improved job creation, longer supplier delivery times and a slight increase in inventory holdings.

The rate of expansion in new orders accelerated during July. However, the improvement in the pace of increase was still among the slowest registered over the past year. This was despite a significant boost from the trend in new export business, as foreign demand rose at the second-strongest rate in the series history, beaten only by that recorded in April 2010.

More in this category: « Spanish Manufacturing PMI fell to 54.0 ISM Manufacturing PMI down to 56.3 in July »

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