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

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  • #20347
    Helmholtz Watson
    Participant

    The UK manufacturing sector had been weakening…

    [article]1445[/article]

    #20401
    Helmholtz Watson
    Participant

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

    Markit/CIPS
    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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