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UK June manufacturing PMI 50.9 vs 51.2 in May
Below preliminary reading (Il Sole 24 Ore Radiocor) - London, 01 Jul - In June, the UK's purchasing managers' index (PMI) for the manufacturing sector fell to 50.9 from May's 22-month high of 51.1 and was below the preliminary estimate of 51.4, according to data released by S&P Global.
A reading above 50 signals expanding sector activity and a reading below 50 a contraction.
'The UK manufacturing sector is enjoying its strongest spell of growth for over two years, with June seeing output and new order growth sustained at robust rates similar to May's recent highs. The performance of the domestic market remains a real positive, providing a ripe source of new contract wins. In contrast, the ongoing weak export performance is concerning, with manufacturers reporting difficulties in securing new business in several key markets including the US, China and mainland Europe," said Rob Dobson, director at S&P Global Market Intelligence.
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(RADIOCOR) 01-07-24 10:58:39 (0232) 5 NNNN