Activity in the manufacturing sector of the UK increased at the slowest pace in 3 months in July

The purchasing managers index in the manufacturing industry of the UK fell to 54 points in July from 54.3 points a month earlier, IHS Markit showed. The growth of the industrial sector in July was the slowest in 3 months. The growth rates of both production and new orders slowed in July on the back of a weak increase in new orders inside the country. At the same time, the inflation of purchase prices in July increased due to higher commodity prices and a shortage of certain raw materials. The indicator of positive sentiment in the manufacturing sector declined in July to a low for 21 months on the backdrop of uncertainty about Brexit and the pound sterling exchange rate.

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