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February paints a mixed picture for UK manufacturers

February paints mixed picture for UK manufacturers

Stephen Cooper, Head of Industrial Manufacturing at KPMG UK comments on the Markit/CIPS UK Manufacturing PMI figures published today.

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Stephen Cooper, Head of Industrial Manufacturing at KPMG UK comments on the Markit/CIPS UK Manufacturing PMI figures published today.

He said: “Whilst February’s results point to a mixed view for UK manufacturing, the industry will still be feeling the warmth on this cold day, with continued positive news on the demand and job growth front.

“However, supply chain constraints and continuing concerns around inflationary pressures, which are also reflected in the Eurozone results, mean businesses need to continue to work hard to manage these factors.

“Whilst Toyota gave us some good news this week on their future production plans for the Auris, it remains to be seen how investment levels behave, particularly as Brexit negotiations continue.”    

 

ENDS

 

For media enquiries, please contact:
Jo Chileshe, KPMG Corporate Communications
T: +44 (0)121 232 3343
M: +44 (0)7919 211 803
E: jo.chileshe@kpmg.co.uk

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KPMG Press Office: +44 (0)207 694 8773

 

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 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.

 

 

Jo Chileshe

Assistant Manager, Corporate Communications

 

KPMG LLP
                                                                  


One Snow Hill, Snow Hill Queensway                                                                 


Birmingham, B4 6GH                                                                            


 

T: +44 (0)121 232 3343                         
                       


M: +44 (0)7919 211 803

 

jo.chileshe@kpmg.co.uk

kpmg.com/uk

 

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