Details of the July 2015 UK Markit CIPS manufacturing PMI data report 3 August 2015
- Prior 51.4
- New orders 52.2 vs 52.7 prior
That halts the recent falls but we're far from the highs seen mid-2013. New orders fall to the lowest since Sep last year
In the notes Markit says that the strong pound hit sales to the Eurozone. I'm beginning to get the hump with the "strong currency" excuse bandied about at every data point. You can use that argument when there's plenty of growth around the globe and a country misses out because they have a strong currency. It becomes a poor excuse when the real reason is low growth around the globe. China's growth is falling, the US can't squeeze 3% out, and neither can the UK, Europe is still a mess and Japan is still trying to pick itself up. How does anyone expect growth to pick up in that environment? The currency level becomes secondary to all that
UK manufacturing PMI
