Euler Hermes comments: UK Manufacturing PMI May


Shannon Murphy, manufacturing specialist and assistant head risk underwriter at Euler Hermes, said:


From what we’ve seen in industry, the reality of a weak pound is starting to bite manufacturers. If you look beyond the healthy order books, there is an undercurrent of input price inflation, which is pressuring margins, squeezing working capital and is struggling to be absorbed.

We’re seeing evidence of this stress across manufacturing and a rising risk of insolvency. Business leaders face a challenging dilemma of having to raise prices to address cash flow threats, but without losing sales and valuable market share.



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