UK manufacturing PMI slips to lowest since July 2016

UK manufacturing upturn slows as new export orders contract for first time since April 2016

• UK Manufacturing PMI at 25-month low of 52.8 in August
• Job creation slows to near-stagnation
• Business optimism dips to 22-month low

Summary:
August saw further signs of slowdown in the UK manufacturing sector. Rates of expansion in output and new orders eased following the first contraction in new export business for over two years. The subdued performance of the sector also transmitted itself to the labour market, with the pace of manufacturing job creation slumping to near-stagnation.

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