UK manufacturing surge stabilizes in June

UK manufacturing surge stabilizes in June

In June, UK factories kept up a steady tempo of surge, although concerns as for global trade as well as Brexit affected confidence about the outlook to a seven-month minimum, as a poll disclosed on Monday.

As a matter of fact, the IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index rallied to 54.4 in contrast with May’s reading of 54.3. It confounded the consensus of 54.0 in a Reuters survey of financial analysts.

June managed to cap the weakest quarter for the UK manufacturing PMI in 1.5 years, and poll compiler IHS Markit told that prospects for the sector that amounts to 1/10  of economic output, seems to be  doubtful.

This year optimism went down to its lowest value because factory bosses are irritated by the exchange rate, cost pressures, probable future trade tariffs as well as the UK’s departure from the EU.

The given figures actually got along with a Lloyds Bank poll the previous week that also disclosed that business confidence tumbled to its lowest value this year.

The previous week’s data revealed that the economy's deceleration early this year turned out to be less severe than first anticipated, although consumer and business polls have depicted rather a mixed picture of the second quarter.

By the way, Bank of England representatives weighing up the next lift in interest rates have been trying to draw attention to positive numbers.

Since the beginning of 2018 the turnaround in manufacturing performance has appeared to be remarkable, with striking surge rates late in 2017 turning into some of the poorest rates of expansion observed for the last two years.

British manufacturers had become extremely reliant on work backlogs as well as building up stock when it comes to maintaining output.

Market experts are assured that the British economy will require looking to other sectors if GDP surge meets hopes in the latter half of the year.



CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

Bank of Canada Surprises Markets
Bank of Canada Surprises Markets

The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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