The UK’s manufacturing sector showed some growth in June. Market Leader reports. This is confirmed by the recent report published by Markit/CIPS. Amid the positive dynamics seen in general, the analysts report a slowdown in the pace at which the sector is growing.
The PMI declined from 51,9 in May down to 51,4 points in June. At the same time, the experts had expected an increase up to 52.5 points. It should be noted that any value above 50 still indicates expansion, Masterforex-V Academy reports.
Despite the growth seen over the reporting period, the experts say that this has been the lowest pace of growth since Q1 2013. In general, such a slowdown has disappointed the expert community monitoring the figures.
In particular, the experts from Markit say that the slowdown was mainly caused by a strong pound coupled with very low demand in the European market, which reduced to nothing the positive influence of relatively high domestic demand.
