UK: Manufacturing PMI likely to print 53.5 for May – Nomura

Analysts at Nomura are forecasting around 0.5 point fall in UK’s manufacturing PMI for the month of May and expect it to print a figure of 53.5.

Key Quotes

“Since its peak at the end of last year the headline index of the manufacturing PMI has fallen by around 4.5 points to just below 54. With the euro area survey having fallen for a fifth consecutive month in May, we expect a further modest decline in the UK survey too.”