The growth of the manufacturing sector in UK slowed in April, raising concerns about slowing economic growth in the coming period. According to data from IHS Markit, PMI fell from 55.1 to 53.9 points, below expectations of 54.8 points, stabilizing near the lowest level in 17 months.
A major obstacle to manufacturing growth was business confidence among manufacturers has fallen to its weakest level in five months, with firms citing concerns about Brexit and possible future trade barriers.The sector's exports have seen their weakest performance in 10 months.
