UK: Manufacturing PMI likely to edge higher to 54.6 in July – TDS

Analysts at TD Securities are looking for the UK manufacturing PMI to continue to stabilize in July, edging higher to 54.6 (mkt 54.2).

Key Quotes

“While businesses may have been relieved to finally see a clearer plan come out of the Cabinet’s Chequers agreement earlier in July, the series of minister resignations, the knife-edge parliamentary votes, and political uncertainty may have also left businesses feeling a bit wary about future policy.”