Manufacturing PMI - September 2016

03.10.2016
 

 Shannon Murphy, Assistant Head of Risk Underwriting at Euler Hermes, said:

 

 “Pent up order books from before the EU referendum provided a late summer boom that has glossed over the more modest reality facing manufacturers.

 

“Confidence remains thin on the ground. Most management teams are more concerned with protecting margins and avoiding payment issues, rather than exploring growth opportunities.

 

“Rising staffing levels indicate that firms are not expecting a significant slump, but increasing import costs are putting up barriers to growth and inflating end-user prices.”

 
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