Today's further fall in the manufacturing PMI is no surprise, reckons Atul Kariya, head of manufacturing & engineering at MHA MacIntyre Hudson
"The lack of clarity surrounding the UK’s exit from the European Union continues to bring uncertainty that is heavily impacting the commitment of firms and their customers to making investments and placing major orders," he said.
“This uncertainty, coupled with the fall in stockpiling that had propped up the index in previous months, is taking its toll on the industry – and you only need to look at the struggling car manufacturing sector for evidence of this.”