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U.K. Manufacturing Sector Slows in January

Published

8 years ago

on

transport equipment
  • U.K. Manufacturing Sector Slows in January

The U.K. manufacturing sector expanded at a slower pace in January, following increased in price pressures.

The Manufacturing Purchasing Managers’ Index stood at 55.3 in January, down from November’s 51-month high and at the lowest level since June 2017.

U.K manufacturing

Duncan Brock, Director of Customer Relationships at the Chartered Institute of Procurement & Supply said: “Growth in the manufacturing sector continues to provide positive encouragement for the UK economy as the year started on a positive, if slightly reserved note.”

“Though the PMI showed continued growth, it was the weakest since June as shortages in commodities and raw materials resulted in a scrabble to complete goods, suppliers disappointed with longer delivery times and costs were on the rise again. ”

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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