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Joseph Clark
The seasonally adjusted S&P International UK Manufacturing PMI rose to a two-year excessive of 52.1 in July, up from 50.9 in June and the sooner flash estimate of 51.8.
Key findings embrace: Manufacturing development quickest since February 2022; Enter value inflation rises to 18-month excessive.
“UK manufacturing has began the second half of 2024 on an encouragingly strong footing. July noticed development of manufacturing and new orders strengthen and staffing ranges rise for the primary time since September 2022. Hopes for an financial revival and lowered political uncertainty took confidence to considered one of its highest ranges for two-and-a-half years, with 60% of firms surveyed now forecasting output will rise over the approaching 12 months. There have been additionally additional indicators that the pattern in new export enterprise is near stabilising following a chronic interval of decline” mentioned Rob Dobson, Director at S&P International Market Intelligence.
ETFs: (FXB), (EWU), (FKU), (EWUS), (FLGB).
Foreign money: (GBP:USD)
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2024-08-01 08:33:16
Source :https://seekingalpha.com/information/4131898-uks-pmi-rises-to-two-year-high-of-521-in-july?utm_source=feed_news_all&utm_medium=referral&feed_item_type=information
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