UK manufacturing feels the pressure of weaker sterling
Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
Sterling weakness continued to rock the United Kingdom manufacturing sector in November as further upward pressure on input costs hit home, but demand remained strong.
September data from the Markit Flash United States Services Purchasing Managers’ Index painted a mixed picture of the sector, with sharply improving activity offset by a slowdown in new business and job growth.
The pound clawed back more of the ground lost following the referendum on European Union membership this morning after the release of strong services sector data.
A composite measure of UK output fell to an 87-month low largely on the back of ongoing uncertainty about Brexit, Markit announced on Friday.
United States production volumes, new orders and employment reached their highest levels in three months this June, but political and economic uncertainty is still a threat to business, according to Markit.
Manufacturing activity in the United Kingdom has contracted for the first time in three years, according to data from Markit.
The pace of global dividend growth is set to almost halve in 2016, the latest Markit global dividend forecast reveals.
A Purchasing Managers Index update published today suggests 2016 could be a year of “robust expansion” for the eurozone, according to Markit chief economist Chris Williamson.
Ordinary dividends from FTSE 100 and FTSE 250 companies are forecast to rise 7% on an aggregate basis to £79.3bn this financial year, according to a new report from Markit.
The Markit/CIPS PMI survey data for August shows the services sector falling by near record levels.