U.K. Manufacturing Sector Boosted By Record Stock Purchases Ahead of Brexit

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    Helmholtz Watson

    The UK manufacturing sector had been weakening…


    Helmholtz Watson

    In contrast to the strong EU Service PMI’s and strong UK manufacturing UK March services PMI were weak.

    Services 48.9 vs 50.9 expected Prior 51.3
    Composite PMI 50.0 vs 51.1 expected Prior 51.5

    Markit noted that this points to UK GDP stagnating in Q1 with economic activity even contracting in March.

    The lowest print in services since July 2016 with Brexit uncertainty on the UK economy.

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