UK: Manufacturing PMI likely to improve to 54.9 in July - TDS

Analysts at TDS suggest that today we get the manufacturing PMI for July, where they are looking for an improvement to 54.9 (mkt 54.5).

Key Quotes

“We think that last month’s declines in the PMIs were a bit overdone, particularly for manufacturing. We suspect that the uncertainty following the UK election may have weighed on sentiment, but should unwind in July as domestic politics have stabilised, and as the government is sounding a little more conciliatory on Brexit.”