UK manufacturing defies Post-Brexit concerns

Everyone knows the Brexit story; it’s been captivating every media source since the decision was made in June. The general consensus around the world is that it was a bad decision and that the British economy is going to suffer considerably, as a result. However, the British manufacturing industry is very much enjoying life after Brexit, in September the industry grew at its fastest pace since the middle of 2014.

The latest Markit/CIPS Purchasing Managers’ Index reading jumped to 55.4 in September, up from 53.3 in August, with any figure above 50 showing expansion. The result far exceeded the expectation of the cities analysts, whom predicted that the September readings would see a decline from August, with activity moderating at 52.1.

The manufacturing index had plummeted to 48.2 in July, immediately after the June referendum.But it surged the following month, helped by a jump in export orders on the back of the 10 per cent depreciation of sterling against the euro and the dollar in the immediate wake of the vote.
It’s believed the reason for the September surge was a high-number of domestic orders; however, exports did also increase slightly. The manufacturing industry is continuing to have a positive effect on the GDP and economic outlook of the country; all the signs are indicating that the country will avoid another recession.



Shanghai Metal Corporation

As an integrated global manufacturer, supplier of metal related products and reliable services we dedicate this blog to manifest our interests on different topics that would surely brighten your mind everyday. Each article is suited for every types of reader because we value simplicity as the key to transmit messages. Follow us and stay updated ~! Visit our main website to learn more about us : Our address : 20th Floor Yuan Mansion, 738 Dongfang Road, Shanghai, China 200122 Email : Skype : shanghaimetal Telephone : +86 21 6875 6127 Monday - Friday : 9am - 5pm Saturday & Sunday : Available by appointment


Fill in your details below or click an icon to log in: 徽标

您正在使用您的 账号评论。 注销 /  更改 )

Twitter picture

您正在使用您的 Twitter 账号评论。 注销 /  更改 )

Facebook photo

您正在使用您的 Facebook 账号评论。 注销 /  更改 )

Connecting to %s