Deloitte comment on the Markit / CIPS UK Manufacturing PMI

Commenting on the latest Markit / CIPS UK Manufacturing PMI released today, Mark Stephenson, UK manufacturing industry leader at Deloitte, said:

“It is clear from today’s PMI that the situation in the Eurozone is proving increasingly difficult for UK manufacturers. A weak Euro and a possible Greek exit is making for difficult export conditions in the region.

“Yet there remain reasons to be positive. Yesterday’s revised data from the ONS showed better manufacturing output growth in 2014 overall and in the first quarter of 2015.

“The recent Paris Air Show highlighted that there are areas where manufacturing is thriving, with over $100bn of orders placed. This was well over market expectations and the UK aerospace supply chain will benefit significantly.

“There has also been a welcomed focus on improving productivity in UK industry in the past weeks, and more details on how the government plans to boost productivity are anticipated in the run up to the Summer Budget. This could add further momentum to the sector.”

End

Notes to editors

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