UK Manufacturing PMI Falls to 53.1 in June as New Orders Slow to 6-Month Low
Updated
Updated · TradingView · Jun 23
UK Manufacturing PMI Falls to 53.1 in June as New Orders Slow to 6-Month Low
3 articles · Updated · TradingView · Jun 23
Summary
Flash data showed UK manufacturing PMI slipped to 53.1 in June from 53.9 in May, missing the 53.8 forecast and marking a three-month low.
New order growth slowed to a six-month low, indicating that a temporary demand lift from customer stockpiling ahead of possible price increases may be fading.
Output still rose to 53.6 from 52.2, the highest in 21 months, while manufacturers also increased hiring, though some firms said recent recruitment was only a short-term response.
Input cost pressures eased, but selling prices remained elevated as firms passed through earlier increases, and supply chains worsened again despite the weakest delivery disruption in three months.