UK November Markit Manufacturing PMI likely to be 53.6

UK Markit PMI for manufacturing on a seasonally adjusted basis for the month of November is expected to be 53.6 by the market consensus, dropping from Ocotber's 55.5.

The manufacturing PMI rose by 3.7 points unexpectedly in October to 55.5, which was unwarranted, which was expected to come at 51.3 by consensus.

"The underlying conditions had not changed and so we expect a reversal in November to 53.6", estimates Societe Generale.