US EditionUK factory slump deepens as tariff and cost worries grow
- UK factory production fell to a one-and-a-half year low in March, driven by rising costs and global trade disruption, according to a new survey.
- Concerns about wage increases and potential tariffs led to reduced new orders, impacting exports from the UK, reported S&P Global.
- The S&P Global UK manufacturing PMI survey showed a reading of 44.9 in March, the lowest since October 2023, with smaller manufacturers most affected.
- Rob Dobson from S&P Global described the situation as a 'darkening' outlook due to rising costs and geopolitical tensions hindering manufacturing.
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7 Articles
Confidence Plunges Across UK Manufacturing Sector
The latest S&P Global’s UK Purchasing Managers’ Index (PMI) shows that UK manufacturing’s woes have deepened. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performances, suggests that manufacturing is again in the downturn following a poor start to the year. The latest figure showed that it decreased to 44.9, which was slightly better than the figure of 44.6 that economists had predicted. This was the l…
Glasgow Times
UK factory slump deepens as tariff and cost worries grow
March’s score was the lowest since October 2023 with the downturn reaching all corners of the industry.
Manufacturing production contracts at faster pace as new orders decline at sharpest rate for 19 months
Business confidence slumped to a near two-and a-half year low, as concerns about government policy, rising costs, increased geopolitical tensions and potential tariff uncertainty impacted on both current and expected future conditions.
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- 67% of the sources are Center
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