UK manufacturing PMI posts sharpest increase in history – TDS

FXStreet (Delhi) – James Rossiter, Senior Global Strategist at TD Securities notes that the manufacturing PMI posted one of its sharpest increases in its entire 24 year history today, surging to 55.5 against our expectation for a much more muted gain and markets looking for a decline on the month.

Key Quotes

“Expansion was broad-based across both output and new business, in particular for large companies. Export orders from the Middle East, East Asia, and the US helped drive an important gain in the export orders number, and employment expanded for the 30th consecutive month.”