UK PMI

  • The UK is looking very weak on the eve of Brexit, inventory re-stocking boost has run out
  • IHS Markit/CIPS UK Manufacturing PMI Release hit 47.4 in August – the lowest level since 2012 (https://tinyurl.com/y5qrhe75)
  • The high levels of economic and political uncertainty pervasive across domestic and global markets continued to weigh heavily on the performance of UK manufacturing during August. Output volumes fell as intakes of new work contracted at the fastest pace for over seven years, while business optimism dropped to a series-record low.

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