NatWest: Sustained drop in UK automotive sector output highlights need for collaboration

25th June 2019 | 0 Comments

NatWest’s latest UK Automotive PMI report registered the sharpest downturn in business conditions across the UK automotive sector for six-and-a-half years. At 43.5 in May, the headline seasonally adjusted UK Automobiles & Auto Parts PMI – a single figure measure of developments in manufacturing conditions – registered below the crucial 50.0 no-change threshold for the second month running. The latest figure was down from 48.9 in April.

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Category: UK News

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