UK: Expect a small decline in manufacturing PMI - TDS

Research Team at TDS, expects a small decline in UK manufacturing PMI in April to 50.7 (consensus: 51.2), as it returns back just below February’s recent low.

Key Quotes

“While underlying momentum is mixed, the Feb and March PMIs reflected worries about the upcoming EU Referendum, and we expect to see these worries continue to intensify as the June 23rd vote approaches, especially in the internationally-exposed manufacturing sector.”