Back to school dread as PMI realises a 25-month low | KPMG | UK
close
Share with your friends

Back to school dread as manufacturing PMI realises a 25-month low

Back to school dread as PMI realises a 25-month low

1000

Also on KPMG.com

Commenting on the IHS Markit/CIPS UK Manufacturing PMI data released today, Stephen Cooper, Partner and UK head of industrial manufacturing, said:

 

“There is a bit of back to school dread about the latest UK Manufacturing PMI figures, which paint a very disappointing picture given it marks a 25-month low. Optimism has fallen whilst job creation is virtually at a standstill, with cuts by larger businesses neutralised by job growth in SMEs.    

 

“Together with export orders – also at a 25 month low despite continued sterling weakness – these figures are particularly concerning against the backdrop of global trade wars and increasing uncertainty around Brexit – both of which will be weighing on businesses.” 

-Ends-

 

For media enquiries, please contact:

Jo Chileshe, KPMG Corporate Communications

T: 0121 232 3343

M: 07919211803

E: jo.chileshe@kpmg.co.uk

 

Simon Wilson, KPMG Corporate Communications

T: 020 7 311 6651

M: 077853 73397

E: simon.wilson@kpmg.co.uk


KPMG Press Office: +44 (0)207 694 8773

 

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people 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.

© 2018 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Request for proposal

 

Submit