British manufacturing PMI sinks less than expected

British manufacturing PMI sinks less than expected

In May, manufacturing activity in the United Kingdom tumbled less than expected, easing worries over the UK economy, as industry data revealed on Thursday.

As market research group Markit told, UK manufacturing PMI went down to a seasonally adjusted 56.7 the previous month from an outcome of 57.3 in April.

Market experts had expected the PMI to head south to 56.5.

On the index, an outcome above 50.0 points to industry expansion, while below hints at contraction.

Markit actually considered the headline outcome to be a sort of indication of marked ascend and also stressed that output and new order soar was still solid, while the rate of job creations kept to a 35-month peak.

Meanwhile, European stock markets demonstrated higher results. For instance, London’s key benchmark FTSE 100 inched up 0.36%, the Euro Stoxx 50 grew 0.27%, France's CAC 40 tacked on 0.72%, while Germany's DAX gained 0.42%.

Similar

German ZEW economic sentiment tacks on in January

In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday…

Popular

Yen climbs up in Asia trade

On Friday, the Japanese yen leapt in Asia on safe-haven demand because political turmoil in Brazil reached risk sentiment and financial markets became cautious ahead of the weekend…

Pound tumbles vs yen

On Tuesday, the British pound sank versus the Japanese yen after a suspected terrorist attack at a concert in Manchester, while the common currency hovered close to a six-month peak versus the greenback after German Chancellor Angela Merkel told that the…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera