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UK PMI Manufacturing was finalized at 45.3 in July. This level, matching the joint-weakest performance since May 2020, signals an ongoing deterioration in operating conditions, with PMI remaining below the pivotal 50.0 threshold for the twelfth consecutive month.
THE UK's manufacturing sector shrank at its fastest rate for three years in July after 12 months of decline, a new influential survey has suggested.
The downturn in the UK manufacturing sector took a turn for the worse in July, as rates of contraction in output, new orders and employment all accelerated,...
The S&P Global/CIPS UK Manufacturing PMI survey showed a reading of 45.3 in July, the worse since the start of the year, and marking the twelve consecutive month of decline for the sector.
Dollar rises broadly today, in the first trading day of August. The greenback is bolstered by mild risk aversion and rallying US yields. Meanwhile, traders are also probably starting to position ahead of the heavy weight data this week. However, the greenback is stuck below last week's high against Euro so far. Firm break there this resistance is needed to solidify upside momentum of Dollar.