UK: EU Referendum likely weighed on manufacturing IP in April - TDS

Research Team at TDS, suggests that the international spillovers and manufacturers’ anxiety over the EU Referendum likely weighed on UK manufacturing IP in April.

Key Quotes

“We expect a 0.2% m/m decline in the series, against consensus of 0% m/m. It goes without saying that if our downside skew to today’s data materialises, it will be ignored by the Bank of England—they’ll want to get the referendum out of the way before thinking about post-June policy.”