–Headline Manufacturing PMI Falls To Five-Month Low
–Prices Charged Component At Highest Since 1999
LONDON (MNI) – UK manufacturers reported slower growth and rising
cost pressures in March, according to the latest Markit/CIPS UK
Manufacturing PMI.
The PMI index slipped to 57.1, down from a revised 60.9 in February
and lower than analyst median forecasts of 60.8.
Commenting on the report, David Noble, Chief Executive Officer at
the Chartered Institute of Purchasing and Supply said:
“The mini-boom in UK manufacturing ran out of steam during March as
faltering domestic consumer confidence, inflationary pressure and supply
chain disruption combined to slow down expansion.”
“Set against a strong order book across the whole of Q1, it’s
concerning to see inflows of new orders, particularly for consumer goods
within the domestic market, easing sharply at the end of the quarter.”
–London Bureau; Tel: +442078627492; email: ukeditorial@marketnews.com
[TOPICS: M$B$$$,MABDS$,MT$$$$]
