This month, following another weak manufacturing PMI reading in the UK, we look at how this translates to our UK listed industrials peer group. Performing a simple linear regression of company revenue growth against PMI readings, we show that PMI does have a small but significant impact on the majority of companies in the peer group. Unsurprisingly, company-specific factors remain overwhelmingly important, showing that despite a generally weak backdrop you can’t keep good companies down!

21 Aug 2025
Industrials Monthly - August 2025
Pennant International Group plc (PEN:LON), 22.5 | Ricardo plc (RCDO:LON), 428 | Surface Transforms PLC (SCE:LON), 2.6 | Petards Group plc (PEG:LON), 8.5 | Solid State plc (SOLI:LON), 156 | Strix Group PLC (KETL:LON), 43.0 | Castings Public Limited Company (CGS:LON), 262 | Trifast plc (TRI:LON), 84.3 | Avation PLC (AVAP:LON), 163 | Clarkson PLC (CKN:LON), 3,510 | Lifesafe Holdings Plc (LIFS:LON), 2.0 | Spectra Systems Corporation (SPSY:LON), 198 | Symphony Environmental Technologies plc (SYM:LON), 9.8 | AB Dynamics plc (ABDP:LON), 1,375 | Croma Security Solutions Group PLC (CSSG:LON), 75.0 | Gooch & Housego PLC (GHH:LON), 555 | Image Scan Holdings plc (IGE:LON), 1.4 | Judges Scientific plc (JDG:LON), 6,060 | Tan Delta Systems PLC (TAND:LON), 22.0

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Industrials Monthly - August 2025
Pennant International Group plc (PEN:LON), 22.5 | Ricardo plc (RCDO:LON), 428 | Surface Transforms PLC (SCE:LON), 2.6 | Petards Group plc (PEG:LON), 8.5 | Solid State plc (SOLI:LON), 156 | Strix Group PLC (KETL:LON), 43.0 | Castings Public Limited Company (CGS:LON), 262 | Trifast plc (TRI:LON), 84.3 | Avation PLC (AVAP:LON), 163 | Clarkson PLC (CKN:LON), 3,510 | Lifesafe Holdings Plc (LIFS:LON), 2.0 | Spectra Systems Corporation (SPSY:LON), 198 | Symphony Environmental Technologies plc (SYM:LON), 9.8 | AB Dynamics plc (ABDP:LON), 1,375 | Croma Security Solutions Group PLC (CSSG:LON), 75.0 | Gooch & Housego PLC (GHH:LON), 555 | Image Scan Holdings plc (IGE:LON), 1.4 | Judges Scientific plc (JDG:LON), 6,060 | Tan Delta Systems PLC (TAND:LON), 22.0
- Published:
21 Aug 2025 -
Author:
Andy Hanson | Robin Byde | Charlie Cullen | Charlie Williams -
Pages:
14 -
This month, following another weak manufacturing PMI reading in the UK, we look at how this translates to our UK listed industrials peer group. Performing a simple linear regression of company revenue growth against PMI readings, we show that PMI does have a small but significant impact on the majority of companies in the peer group. Unsurprisingly, company-specific factors remain overwhelmingly important, showing that despite a generally weak backdrop you can’t keep good companies down!