June 1 - A deeper slowdown and more quantitative easing look likely in the UK after manufacturing PMI numbers fall at the second-fastest rate ever in May.
The UK's excess manufacturing PMI numbers are just thought it. I'm the much watched that expectation that index drops to 45 point nine bust gone from fifty point two and it'll and thought what's been fought to nine point eight the -- By analysts as a CEO Lowell on the first time the index has been below the key fifty point level since November. For more I'm joined by markets senior economist rob Dobson. -- it's a shock of. Maybe it's a shock and now looking at you and -- consensus poll. With three points below what below assessment -- so this is a BO show kind of -- have been pretty big impact on the markets as well. Just talking of the market's best selling extending its -- against the dollop Ide cable down below 153. No surprise there I am the index that you might fall was the biggest the second because apple product and twenty years. That's connect to most of the line that's very much as a new orders component. New this -- very -- played. That's fastest pace since most 2009. Was waiting caters to last month who took but just to eurozone crisis fifteen exports but will also -- here at the summit this week a spinning into the UK markets. And companies really. Struggling to replace -- soldiers and elsewhere in the world. We also got reports of slowdown in the US and also in China. George Osborne the chancellor on Medicaid embankment and have kind of tried to -- in the UK economic -- on the eurozone. Count me still. Persist with with a -- given this moment well I think. What we're gonna members of the UK's are very open economy very -- economy we imports while we exports Boston's. There's always get a case of if elsewhere tickle us trading post having problems. It's very -- that was gonna remain unaffected by up to the status of -- out as I'm -- but also about domestic market is maybe change some signs of weakness as well. Does this make all of -- UK economy is in recession accordance official the most. Does this make it. More likely if not inevitable that we will remain in the session in Q2 this does make it very likely that if there's such missile in the right -- it will be extended to sit quartet. -- faction within an -- can someone like thirteen 14% -- this country's GDP these figures would -- holding a -- team. That was the case with -- about won't send -- -- quote production manufacturing production that would be a main major -- on you can't put UK economy. Of course we understand that the Paulson and by coming -- pay close attention to these PMI numbers. Which is of course good for you guys if that's the case. Does this -- Kim won't she be abnormal almost an asset. -- -- -- it would make you very much a lock him particularly what we saw an -- to State's results are syndicates is the sharing the cost inflation pressures -- easing. I -- that country gates also -- not may well it a little window of opportunity it says the I think that -- what's given fish are now. And amidst all the gloom as -- -- as that as an array of science and in the if that is a very it's small that glimmer of an event -- is intact to say is is that what we're seeing is the same conditions -- down. Pretty much in the cost you look at the whole. We know quite -- -- as many pros the still if you will send him out pitched. I think we should get paella also countries like Spain he's PMI fell politically in my at this time this month. So that they have since I -- -- you Kansas what sells well it's not. Alienated some time both says at least that well holding a comparatively. Okay rob thanks for not on just to finish up that lands on the market reaction your spelling popping up I'm above AT and a half cables said below 153. -- tenure guilt yields mocking you post -- 215050. That's done and on five or six basis points since these numbers came out. A -- sits at all Dobson from market bust open I've I continue to give up and this is Reuters.