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Monday, August 3, 2020

Strong Comeback for the UK Manufacturing PMI


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The UK manufacturing sector pulled a strong comeback as the economy reopened after the lockdown. Business sentiment rose to a 28-month high, while domestic new orders rose as well.
Solid improvement in the sector was seen in July as output grew to a 32-month high on the back of the strong new orders. In fact, the new orders for the sector grew at the fastest pace since 2018 – an encouraging sign moving forward.

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