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Uncertainty the cause for UK manufacturing decline

02 December 2019
Andrew Symms, Partner at DWF, comments on the IHS Markit/CIPS Manufacturing PMI data released today. 

“The UK manufacturing PMI figures illustrate the impact of global trade tensions, Brexit uncertainty and an impending General Election that has resulted in the PMI to 48.9 in November from 49.6."

“The underlying data does not paint a rosy picture. Manufacturing production fell and new order inflows deteriorated from both domestic and overseas sources.  Employment also fell for the eighth straight month in November. A lack of transparency caused by Brexit ambiguity is holding back investment. Manufacturers need to take positive steps to understand their supply chains, mitigate risks and ensure, to the best of their ability, that financing is available in case conditions deteriorate further.”

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