UK Manufacturing PMI Unexpectedly Jumps To 52.1
4th July 2016
'With 99 percent of survey responses received before the end of 23rd June, the latest PMI signalled that the manufacturing sector has started to move out of its early year sluggishness in the lead up to the UK's EU referendum'. -Rob Dobson, Markit
The UK PMI manufacturing index expanded at the fastest pace in five months in June before results of the Brexit referendum which showed that biggest part of Britons voted to leave the European Union. According to the Markit research group report, the British manufacturing index advanced to a seasonally adjusted 52.1 mark during the last month from a reading of 50.1 in May. Moreover, analysts had expected and advance to 50.4. Nevertheless, the impact of the following announcement will be limited since the main attention brought on the post-referendum impact on the manufacturing sector.
Meanwhile, the Brexit story is not over yet. It could be expected that there will be a long period of volatility around the decision as well as
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