UK PMI Manufacturing was finalized at 40.7 in May, up from record low of 32.6 in April. Output, new orders and employment fell sharply. Input price and output charge inflation remained moderate.
Rob Dobson, Director at IHS Markit: “Changes to working practices, uncertainty about how long the COVID-19 restrictions may be in place for, weak demand and Brexit worries all suggest the UK is set for a drawn-out economic recovery. This will make the “new normal” one of the toughest recovery environments many manufacturers will ever have to face.”
