Details of the September 2015 UK Markit CIPS manufacturing PMI data report 1 October 2015
- Prior 51.5. Revised to 51.6
- New orders 52.2 vs 53.3 prior
UK manufacturing stays fairly steady in September, which is a small blessing given the drop we've seen recently. On the downside there were job losses noted for the first time since April 2013. Digging deeper, consumer goods producers saw a big slowdown with new orders contracting for the first time in over 3 years
Rob Dobson of market explains;
"The UK manufacturing sector remained sluggish at the end of the third quarter, stunned by a triple combination of a sharp slowdown in consumer spending, weak business investment and
stagnating export order inflows. The survey is still broadly consistent with stagnation, or even a mild downturn, when compared to official data.
The ongoing malaise of the manufacturing sector will add to broader growth worries and supports dovish calls for a first rise in interest rates to be held off until industry returns to a firmer footing."
GBPUSD had another look at 1.5150 session high but has slipped back to 1.5138
UK Markit/CIPS manufacturing PMI