- Prior 55.4. Revised to 54.8
- New orders 52.9 vs 56.8 prior, lowest since Apr 2013
GBP/USD gets sold to 1.6614 from 1.6640 but has recovered back to 1.6630
New orders was the the main driver of the lower headline number and although employment is still strong it did slow this month. SME’s raised staffing levels but large scale producers saw a slowdown in hiring.
Export orders have been falling again and to a 5 month low but there are signs that the doors are opening to other new markets in America and the Middle East.
UK Markit/CIPS manufacturing PMI 01 09 2014