UK: Manufacturing PMI unchanged at 48.0 in July – TD Securities

Analysts at TD Securities note that the UK’s manufacturing PMI was unchanged from the prior month at 48.0 in July (market 47.6).

Key Quotes

“With slower global growth and so much political and Brexit uncertainty, it's difficult to be optimistic about prospects for the manufacturing sector. Markit noted that some firms have reported clients moving supply chains away from the UK ahead of Brexit.”