Press releases

UK manufacturing output up but some troubling signs ahead

1 June 2018

Commenting on the IHS Markit/CIPS UK Manufacturing PMI, which went up from 53.9 in April to 54.4 in May, Duncan Johnston, UK manufacturing industry leader at Deloitte, said:

“This month’s rise is due to an increase in output. However this rise was achieved by manufacturers increasing their stockpiles of unsold products and working through their order backlogs. Manufacturers will need to reduce their output in the coming months to adjust to the lower rate of growth in demand. As seen in the CBI survey last week, manufacturers continue to worry about the state of their order books.

“With input prices continuing to rise, manufactures will find it more difficult to pass on these costs to customers if demand slows further.”

End

Notes to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk

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