UK: Rebound in manufacturing PMI - TDS

Analysts at TD Securities note that the UK’s November Manufacturing PMI rebounded from its weak October print to 53.1 (mkt: 51.7).

Key Quotes

“The main gain was new orders, which rose back into expansionary territory (53.4) after contracting in October. On the downside, new export orders fell for the second time in a row, with Brexit cited as one reason for lower foreign demand. As a result domestic demand was the key driver in today's report, which leaves the index still a little bit below its levels from earlier this year.”