UK: Manufacturing PMI to print 55.7 in June – TDS

Analysts at TDS are looking for a 1pt decline in UK’s manufacturing PMI to 55.7 level in June.

Key Quotes

“We think that the manufacturing PMI has the potential for a sharper than normal decline due to the political uncertainty that arose from the unexpected general election result. We look for a 1pt decline to 55.7 in June, a bit softer than the 56.4 reading that markets are looking for, although we would expect to see at least some degree of rebound in July.”