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 an earlier forecast of 51.8.
Key findings embrace: Output progress quickest since February 2022; Enter value inflation rising Hit an 18-month excessive.
“It’s encouraging that UK manufacturing is beginning the second half of 2024 on a strong footing. In July, output grew, new orders strengthened, and staffing ranges rose for the primary time since September 2022. Output is forecast to rise over the subsequent 12 months. P.c of corporations surveyed. There are additional indicators that the pattern in new export enterprise is nearing stabilization after a protracted interval of decline.
ETFs: (FXB), (EWU), (FKU), (EWUS), (FLGB).
Forex: (GBP:USD)
