Short lived relief for the manufacturing industry has been saved
Short lived relief for the manufacturing industry
1 February 2019
Commenting on the IHS Markit/CIPS UK Manufacturing PMI, which went from 54.2 in January to 52.8 in February, Duncan Johnston, UK manufacturing industry leader at Deloitte, said:
“The start of 2019 saw a decline in PMI as manufacturers struggle with increased uncertainty around Brexit and the economic slowdown in Asia. Many businesses are continuing to stockpile both to safeguard their own future production and to meet their customers’ needs. The key question now is what happens in Q2?
“While overall sentiment is now at a 30 month low, UK manufacturing remains positive about future prospects with almost 46% of companies expecting output to be higher in a year’s time.”
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