United Kingdom

Details

  • Industry: Manufacturing
  • Type: Press release
  • Date: 01/08/2014

Above average manufacturing activity provides hope for UK economy 

Yael Selfin, Economics Director at KPMG comments on the latest Markit/CIPS UK Manufacturing PMI data, of a fall to 55.4 from 57.2 in June.

She said: “It is too early to say if the latest PMI figures represent a slight pause for breath in the otherwise heartening manufacturing recovery, or signal that deeper issues such as strong exchange rate and uncertainties in some of UK trading markets are taking a more permanent hold. Either way, the survey still points at levels of activity well above historic average, which should help support overall growth and some rebalancing of the UK economy.”

 

ENDS

Media enquiries:
Ann Burton, KPMG Press Office
020 7311 6497(t), 07467 339719 (m) or ann.burton@kpmg.co.uk

KPMG Press Office: 020 7694 8773

 

About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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