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02/01/2020

 

Commenting on today’s PMI data, Seamus Nevin, Chief Economist at Make UK, the manufacturers’ organisation, said:

 

"The UK manufacturing sector emerged from its longest decline since the 2008 Global Financial Crisis last month, as December’s election result reduced levels of political uncertainty and an improved domestic demand saw a small improvement in new orders and a stabilisation of production volumes.

 

Business confidence, however, remains fragile and concerns about our future trade rules mean export orders are still falling. This is the main cause for concern so all eyes will be on the nature and quality of any trade deals secured over the next 11 months."


News / Make UK