Stephen Cooper, Head of Industrial Manufacturing at KPMG in the UK comments on the Markit/CIPS Manufacturing PMI data released today.
Commenting on the Markit/CIPS Manufacturing PMI data released today, Stephen Cooper, head of industrial manufacturing at KPMG in the UK said:
“Whilst the results for January showed slower growth compared to the high end of 2017, the UK’s manufacturing sector is still in robust health.
“All three big trading blocs - Europe, the US and China - are in expansionary mode. Our clients recognise the need to understand how this translates into their supply chains, and the consequential increases of input prices and inflation. So I’d advise UK manufacturers to know their supply chains, the pressures therein and ensure security around the delivery of essential materials.
“There are some concerns around the availability of materials and input inflation, which is leading to advanced ordering to avoid future price rises, so UK manufacturers need to manage this carefully and be mindful of the implications this may have on their working capital.”
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