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Some interesting snippets from the manufacturing final PMI release

UK DATA
Credit BulletsDataHomepagemarkets-real-timeCreditData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • "Improved business confidence encouraged manufacturers to take on additional staff during July. Employment rose for the first time since September 2022."
  • "Input price inflationary pressures continued to build at UK manufacturers during July. The rate of increase in costs accelerated to a one-and-a-half-year high, reflecting higher prices for several inputs including energy, food stuffs, metals, packaging, plastics and timber. Market forces and freight issues were also pushing up costs at a number of firms. Part of the increase was passed on in the form of higher selling prices, which rose for the ninth month running and at the quickest pace since May 2023. "
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  • "Improved business confidence encouraged manufacturers to take on additional staff during July. Employment rose for the first time since September 2022."
  • "Input price inflationary pressures continued to build at UK manufacturers during July. The rate of increase in costs accelerated to a one-and-a-half-year high, reflecting higher prices for several inputs including energy, food stuffs, metals, packaging, plastics and timber. Market forces and freight issues were also pushing up costs at a number of firms. Part of the increase was passed on in the form of higher selling prices, which rose for the ninth month running and at the quickest pace since May 2023. "