UK: Manufacturing PMI Declines to 56.9 in January

Manufacturing PMI in the UK declined to 56.9 in early January from 57.9 in December, IHS Markit reported on Monday. This print came in worse than the market expectation of 57.9.

Further details of the publication revealed that the business activity in the services sector expanded at a softer pace than it did in December with the Services PMI edging lower to 53.3 from 53.6.