UK: Manufacturing PMI likely to recover to 51.5 in November - TDS

Analysts at TD Securities are expecting the UK’s November Manufacturing PMI to recover a little from last month's dip, to 51.5 (mkt: 51.7).

Key Quotes

“Brexit uncertainty, tight labour markets, and weak foreign demand are all dragging on firms' production plans right now. The government is due to reveal the legal advice received from the Attorney General today on the Irish backstop portion of the Withdrawal Agreement (in particular).”

“The government will reportedly only summarise the advice (which it is legally obliged to publish in full), and MPs from parties including Labour, SNP, and the DUP are now threatening to write a letter accusing the government of contempt of Parliament.”