UK Manufacturing PMI Rises to 53.1 in November By

© Reuters.

© Reuters. – Activity in the UK manufacturing sector accelerated last month, according to a closely watched business survey released on Monday.

Research firm IHS Markit said its manufacturing purchasing managers’ index rose to in November, compared to forecasts for a reading of 51.6.

The prior month’s reading was 51.1.

The report indicated that the sector’s performance remained “comparatively lackluster” after hitting a 27-month low in October. November’s reading was among the weakest registered over the past two-and-a-half years.

“The November PMI provided a lackluster picture of the UK manufacturing sector, as ongoing global trade tensions and Brexit uncertainty weighed on current business conditions and dampened the outlook for the year ahead,” IHS Markit director Rob Dobson said.

“Although still forecasting growth for the year ahead, manufacturers’ confidence fell to its lowest ebb since August 2016,” he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here