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KPMG comments on manufacturing PMI data for October

KPMG comments on manufacturing PMI data for October

Simon Jonsson, Head of Industrial Products at KPMG UK, comments on the CIPS/Markit UK Manufacturing PMI figures for October 2020. He said.

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Simon Jonsson, Head of Industrial Products at KPMG UK, comments on the CIPS/Markit UK Manufacturing PMI figures for October 2020. He said:

“The PMI statistic is marginally worse than last month, but still positive. It predates the UK Government announcement on Saturday. During early Autumn, there were some weak signs of increasing confidence, but there is a question mark over the sustainability of this trend. The announcement on Saturday means a lot of manufacturing businesses need to consider what demand will be for their products over the next few months.”

-ENDS-                                                          

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