UK: Manufacturing PMI likely to decline to 51.3 - TDS

Analysts at TD Securities are looking for a further decline in the UK’s February Manufacturing PMI to 51.3 (mkt: 52.0) on the back of spillovers from the euro area manufacturing sector and on heightened Brexit uncertainty.

Key Quotes

“Stocking by firms (which was at an all time cross-G7 high in January) is likely to help keep the overall index above 50, but risks are skewed to the downside.”