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UK June final manufacturing PMI 46.5 vs 46.2 prelim
Prior 47.1There is a slight revision higher to the initial estimate, but it still marks a further downturn as compared to May. This comes despite price pressures falling as subdued demand conditions are weighing further on the manufacturing sector. S&P Global notes that:“The UK manufacturing sector continued to report recessionary conditions in June. The headline PMI dropped to a six-month low as output, new orders and employment all suffered further declines. Producers are being hit by weak dom...
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Posted: Jul 3 2023, 08:30
Author Name: forexlive
Views: 110758