UK manufacturing takes a tumble but exports rise | KPMG | UK
Share with your friends

UK manufacturing takes a tumble but exports rise

UK manufacturing takes a tumble but exports rise

Justin Benson, director in KPMG’s manufacturing practice, comments on the CIPS/IHS Markit manufacturing PMI figures. It highlights that UK PMI fell to lowest level since early 2013 at start of third quarter.


Also on

Justin Benson said: “There was some good news in and amongst the PMI figures for UK manufacturing. The level of incoming new export orders in the sector rose for the second successive month in July, aided by both the recent depreciation of the sterling exchange rate and efforts by companies to secure new contracts. However, businesses need to keep an eye out for increased costs coming through towards the end of the year, as the cost of imported components for manufacture start to rise.  

“The PMI figures also show that uncertainty following the EU referendum has caused a reduction in confidence, which has led to some businesses putting a hold on recruitment. With order books contracting, manufacturing businesses of all types need to prepare for what this means for them.”



For media enquiries, please contact:

Nahidur Rahman, Senior PR Manager

T: +44 (0) 20 7694 8812

M: + 44 (0) 788191 6975


Follow us on twitter: @kpmguk

KPMG Press Office:

M: +44 (0)207 694 8773


Notes to Editors:

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

Connect with us


Request for proposal