UK Final Manufacturing PMI matches estimates with 40.7 in May, Cable battles 1.2400

The UK manufacturing sector activity contracted as expected in the month of May, the final report from IHS Markit showed this Monday. 

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised up to 40.7 in May versus 40.7 expected and 40.6 – May’s first reading.

more to come …