Details of the April 2016 UK Markit/CIPS manufacturing PMI data report 3 May 2016
Prior 51.0. Revised to 50.7
New orders 50.4 vs 51.9 prior
Ouch. Into contraction and the lowest since Feb 2013.
Domestic demand had kept manufacturing afloat last month but respondents have noted that's slowed. Overseas orders were lower also and the referendum is said to have pout the brakes on spending.
Prices weren't as soft as they have been and with oil trucking higher we're likely to see those increase further.
The quid has given up the highs and dropped from 1.4750 to 1.4720
