UK PMI Manufacturing, February 2017 - PwC comments

Published at 11:29 AM on 01 February 2017

Reacting to the latest PMI Manufacturing data, Cara Haffey, partner at PwC said:

"Manufacturing outputs continue to be positive, which is welcome news for the UK economy. However, the cost increases into the supply chain that we have been flagging, either commodity or exchange rate related, are hitting hard and pricing pressure is being pushed directly to the customer quicker than in the past.  

"It remains to be seen whether this affects buoyant buying and order patterns later in 2017. Exporters have certainly benefited from a weaker pound when they are selling overseas but manufacturers buy so many materials from abroad that they cannot source in the UK easily so costs have gone up sharply too."

Ends. 

About PwC:

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

© 2017 PwC. All rights reserved

Ends. 


Twitter
LinkedIn
Facebook
Google+

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

« Companies could shave £230bn off pension deficits by refining approach to life expectancy projections, according to PwC’s Skyval Index | Homepage | PwC comments on Public Accounts Committee statement on UK government cyber security approach »

  • Contact us
  • +44 (0) 20 7213 1768

Specific and out of hours contacts