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June 2016

EU manufacturing PMI falls to three-month low

Published: Wednesday 01 June 2016

This Morning saw Eurozone manufacturing PMI come in line with expectations for May. The data signalled a further growth slowdown in the Eurozone manufacturing sector as both domestic and export markets continue to rise at lacklustre rates. For the UK, manufacturing PMI saw a slight increase on the month previous and came out as expected at 50.1. Across the pond, US ISM Manufacturing PMI came in better than previous at 50.7. Any result above 50 is seen as bullish.  
This afternoon reports Donald Trump is to visit the UK on the day of the EU referendum result. Furthermore on the Brexit front, leave campaigners pledge a “fairer immigration” outside of the EU with the likes of Tories Michael Gove, Boris Johnson and Priti Patel as well as Labour’s Gisela Stuart all calling for a points-based system for all migrants coming to the UK. The Remain camp has stated that this would wreck the UK economy and could drive up immigration. 

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