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UK manufacturing sector remains subdued at end of second quarter

Monday, Jul 02 2018
UK manufacturing sector remains subdued at end of second quarter

The performance of the UK manufacturing sector remained relatively subdued in June, especially when compared to the marked pace of growth seen before the turn of the year. Output growth moderated, to largely offset a mild acceleration in new order growth and improved job creation.

The survey was conducted between 12-26 June. At 54.4 in June, the seasonally adjusted HIS Markit/CIPS Purchasing Managers’ Index® (PMI® ) was a tick above May’s downwardly revised reading of 54.3 (originally 54.4) and stands almost four points below the 51-month high reached in November last year. The average reading over quarter two as a whole (54.2) is the weakest outcome since the final quarter of 2016.

More in this category: « Weakest rise in output since August 2017, Spanish PMI figures show US manufacturing jumps for a second straight month, construction spending rises »

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