Manufacturing PMI in the UK with a minimum of 2013 – News Economy

Print UK manufacturing sector started the III quarter of 2016 is extremely weak, according to the final Markit / CIPS data. In July purchasing managers index (PMI) UK manufacturing sector fell to index 52 4 points to 48.2 points. And this level was the lowest since February 2013 It is well known, the rate is less than 50 points reflects a decrease in activity, above -. Increased activity

The reason for reduction of manufacturing activity British experts associated with the outcome of the British referendum on withdrawal from the EU structure, which gave rise to uncertainty about the future of the financial and economic sectors of the country.

Links

As the executive director of the CIPS David Noble, this decline was not as severe as in the times of global economic crisis of 2000-2008., but its scope has exceeded expectations.

Purchasing prices rose significantly, from this particularly affected small and medium-sized businesses. Although the number of export orders increased by reducing the rate of the pound sterling, it did not help to compensate for lost profit in the domestic market, the expert concluded.