U.K. Manufacturing Growth Holds Up in June After Subdued Quarter
- Markit’s gauge climbs to 54.4, slightly above forecast
- Reading rounds off worst quarter for sector since end of 2016
An employee welds the joint inside a steel pipe at a mill in Hartlepool.
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U.K. manufacturing growth held steady in June, providing some modestly good news at the end of the worst quarter for the sector since the end of 2016.
IHS Markit’s Purchasing Managers Index for the industry stood at 54.4 in June, up from a revised 54.3 in May and beating economists’ estimates for a drop. The average reading for the second quarter as a whole was 54.2.