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PMI data shows a frosty January for UK manufacturers

PMI data shows a frosty January for UK manufacturers

Stephen Cooper commented on the Markit/CIPS Manufacturing PMI data released.


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Stephen Cooper, Head of Industrial Manufacturing at KPMG in the UK comments on the Markit/CIPS Manufacturing PMI data released today.

“This week has brought a wave of snow and ice to the UK and the PMI results for January reflect that chilly blast.

“The underlying data does not paint a rosy picture, and when taken with poor results from Europe, macroeconomic issues and a downturn in activity in China, these factors suggest that a slip into recession for UK manufacturing is a distinct possibility. With this and the Brexit saga, we continue to encourage manufacturers to take positive steps to understand their supply chains, mitigate risks and ensure, to the best of their ability, that financing is available in case conditions deteriorate further.”


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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 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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