U.K. Manufacturing Slowdown Raises Doubts About Outlook
- IHS Markit says factory PMI fell to three-month low in June
- Adds to signs election, Brexit talks weighing on sentiment
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U.K. manufacturing slowed more than forecast in June as uncertainty hit demand, raising doubts about the outlook for the economy, according to IHS Markit.
Its Purchasing Managers Index fell to a three-month low of 54.3 from a downwardly revised 56.3 in May, the company said on Monday in London. While that’s below what economists had forecast, it’s still above the 50 level that divides expansion from contraction.