The Markit/CIPS PMI for manufacturing was 48.9 in November, down from 49.6 in October. This marked the seventh consecutive month of contraction for the manufacturing sector, as the upcoming General Election added another layer of uncertainty, whilst destocking activity resumed following the delay to the October 31 Brexit deadline.

The Markit/CIPS PMI for construction was 45.3 in November, up from 44.2 in October. Although the latest reading was the highest since July, it remained below the no-change mark of 50, indicating that construction activity contracted for a seventh consecutive month, owing to a lack of new work to replace completed contracts and unusually wet weather in November.

Members can access the full CPA Weekly Notes via the link below.