–UK July CIPS Manufacturing PMI 49.1 Vs 51.4 In June – Markit/Reuters
–UK July CIPS Manufacturing Lowest Since May 2009
–UK July CIPS Manufacturing PMI Below Median Forecast Of 50.8
LONDON (MNI) – The UK manufacturing sector experienced a shock
contraction in July, according to the Markit/Chartered Institute of
Purchasing and Supply survey.
The headline July CIPS PMI manufacturing index, published by
Reuters, slipped to 49.1 from 51.4 in June, below analysts’ median
forecast for a 50.8 outturn. The data show manufacturing making a very
weak start to the third quarter.
The headline reading was the lowest since June 2009, and the move
below 50 marks a return to contractionary territory.
The ouput index fell to its lowest level since May 2009, as did the
new orders index.
The survey showed inflationary pressures easing with input prices
falling to their lowest level since December 2009.
–London newsroom 0044 207 862 7491; email:drobinson@marketnews.com
[TOPICS: M$B$$$,M$BDS$,MT$$$$,MABDS$]
