UK factories see biggest month-on-month jump in costs since 1992, PMI shows

Factory input price inflation jumps by most since 1992 due to Iran war – survey

The S&P Global UK manufacturing PMI survey also said manufacturing production contracted for the first time in six months in March.

UK factories see biggest month-on-month jump in costs since 1992, PMI shows

British factory cost pressures soared in March and delivery delays - due to ships avoiding the Strait of Hormuz - were the longest since mid-2022, according to a survey that laid ​bare the impact ofthe Middle East conflict.

Costs up, demand down: Manufacturers suffer biggest squeeze since 2022

Costs for the UK’s manufacturing sector have risen at the fastest pace in three and a half years, new data has indicated, as the energy price shock from the Iran war hammers businesses.  S&P Global research has found that manufacturers suffered the highest increase in input prices since late 2022 when Russia’s invasion of Ukraine sent gas prices spiralling.  Survey data also showed that the jump in input inflation was the steepest since the ster…

UK factories face biggest month-on-month jump in costs since 1992: PMI

This is due to rising oil and gas prices and higher transport costs caused by the Middle East conflict

UK PMI Manufacturing Finalized at 51.0, Input Costs Surge and Confidence Drops - ActionForex

UK PMI Manufacturing was finalized at 51.0 in March, down from February’s 51.4, signaling a modest slowdown in factory activity. The data suggests that while demand conditions are holding up, momentum in production is beginning to soften amid a more challenging operating environment. According to Rob Dobson, Director at S&P Global Market Intelligence, the Middle […] The post UK PMI Manufacturing Finalized at 51.0, Input Costs Surge and Confidenc…