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UK manufacturing PMI falls to 17-month low of 53.9 in April

Published 05/01/2018, 01:41 PM
© Reuters.  UK manufacturing PMI falls to 17-month low of 53.9 in April
FXB
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EWU
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FKU
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EWUS
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  • UK manufacturing sector fell to 17-month low of 53.9 compared to forecast of 56.5.
  • The growth of output and new orders eased, while business optimism dipped to a five-month low. Falling backlogs of work, supply-chain constraints and rising stocks of finished goods also signaled that output growth will remain subdued in the coming months.
  • “While adverse weather was partly to blame in February and March, there are no excuses for April’s disappointing performance, making the chances of a near term hike in interest rates by the Bank of England look increasingly remote."
  • Source: Investing.com
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: Comparative Performance Of The U.K. Economy


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