UK manufacturing PMI sinks in July

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The downturn was felt across industry, with output scaled back across firms of all sizes and across the consumer, intermediate and investment goods sectors, although exporters did report a boost from the weaker pound. However, the improvement in exports was less marked than previously estimated, blamed in part on sluggish overseas demand".-Rob Dobson, PMI survey   

The activity of manufacturing sector in the UK economy surprised to the downside during the previous month, slipping into the contraction territory, since Brexit-related uncertainty had a great effect on the UK factory sector. The manufacturing sector dropped at the fastest pace in three years as factories were forced to cut jobs due to higher costs and lower demand. According to the latest report conducted by market research group, the UK manufacturing PMI dropped to a seasonally adjusted 48.2 mark in July from a reading of 52.1 in June. Meanwhile, a reading above 50.0 indicates industry expansion, while below, in turn, means contraction. Companies reported uncertainty over the outcome of the 23 June Brexit referendum vote being weighed its performance after a one month. Moreover, job losses in the industry were also running at their second-highest level in more than three years. 

In the meantime, news that the slide in manufacturing activity in July was steeper than first thought cemented a view that the Bank of England will cut interest rates this week in order to give a support to business and consumer spending.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.