UK Manufacturing PMI - July 2018

UK Manufacturing PMI - July 2018

The UK Manufacturing PMI slowed to 54.0 in July from 54.3 in June 2018.

The UK Manufacturing PMI dipped to 54.0 in July from 54.3 in June, as expansion of output and new orders slowed, with increased demand from Europe, USA, China and the Middle East, supported by promotional activity in some cases. There was a mixed picture of growth within the sector, with investment goods and consumer goods showing solid growth, but intermediate goods production contracting. Employment levels continued to rise to support additional output, although there was a fall in optimism about the year ahead. Input cost inflation remains elevated, with additional costs being passed onto customers in the form of higher selling prices.

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