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04 Jul
17:00

UK manufacturing sentiment slips in May

The UK manufacturing Purchasing Managers’ Index (PMI) fell to a three-month low in June according to the Markit/Chartered Institute of Purchasing and Supply (CIPS) survey monitored by Kallanish. Growth rates of output and new orders slowed as price inflationary pressures eased. At 54.3 in June, down from 56.3 in May, the seasonally adjusted IHS Markit/CIPS PMI posted its lowest reading in three months. However, the average PMI level over the second quarter…
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