StockMarketWire.com - The UK manufacturing purchasing managers' index fell to 53.1 in April, down from March's 13-month high of 55.1, according to IHS Markit.

The fall was in line with market expectations for a decline to 53.2.

'April saw the recent growth fillip at UK manufacturers show signs of petering out, as rates of expansion in output and new orders slowed and new export business decreased at the second-fastest pace in four-and-a-half years,' IHS Market said.

'Brexit stock-building continued, albeit to a lesser extent than in the prior survey month.'


Story provided by StockMarketWire.com