The UK manufacturing sector seems in reasonable health but some analysts are skeptical that the level of orders and output growth recorded in the PMI survey can be sustained.
Export orders have been volatile and the latest euro area flash PMI showed a modest softening.
Societe Generale sees a modest fall in the UK manufacturing PMI from 54.4 in March to 54.1 in April.
Commentary
UK manufacturing PMI to soften in April
The UK manufacturing sector seems in reasonable health but some analysts are skeptical that the level of orders and output growth recorded in the PMI survey can be sustained. Export orders have been volatile and the late…
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