UK Manufacturing PMI - June 2018

UK Manufacturing PMI - June 2018

The UK Manufacturing PMI registered 54.4 in June, up marginally from 54.3 in May and remaining above the 50 no-change mark.

The UK Manufacturing PMI registered 54.4 in June, up marginally from 54.3 in May and remaining above the 50 no-change mark. Output growth moderated, offsetting broad-based increases in new orders and job creation. New orders were seen in both domestic and overseas markets, the latter coming from mainland Europe, China, South America and Australia. Input cost inflation accelerated in June, with cost increases of a range of raw materials - exacerbated by shortages in some cases. This was partly passed on in the form of higher selling prices. Overall business optimism remained strong, although businesses cited uncertainties around input prices, trade tariffs, the exchange rate and Brexit. Firms did express optimism about market growth, investment, planned promotions and higher capacity.

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