UK: Expect little change in manufacturing PMI – RBC CM

Research Team at RBC Capital Markets, suggests that in the UK, the September PMIs kick-off today with the manufacturing sector and they expect little change to last month’s number; 53.1 versus 53.3 in August.

Key Quotes

“Once we have all of the September PMIs in by Wednesday it will give us the full set for Q3 and provide us with an input to our GDPindicator. However, given the post-referendum volatility in the PMIs it is difficult to have as much confidence in the quality of the signal as would normally be the case.”