Manufacturing expansion remains subdued despite strong performing consumer goods sector
The performance of the UK manufacturing remained sluggish in August, as the continued strength of the consumer goods sector was again offset by lacklustre output growth at intermediate goods producers and the ongoing downturn in the capital goods industry.
The headline seasonally adjusted Markit/CIPS Purchasing Manager’s Index® (PMI®) dipped slightly to 51.5 in August, from 51.9 in July and well below the average for the current near two-and-a-half year sequence of expansion (54.2).
The full Markit/CIPS UK Manufacturing PMI® Report is attached.
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