UK factory slowdown eases further despite weak conditions

UK factory slowdown eases further despite weak conditions

The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 48.0 in July.

UK factory slowdown eases further despite weak conditions - Jersey Evening Post

The recovery in UK factory production gathered more pace last month as the sector posted its strongest performance for six months, according to new figures. Manufacturing firms saw the recent downturn in activity ease back further, but cautioned over weak market conditions in the UK and overseas. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 48.0 in July, compared with 47.7 in June. Any reading ab…

Manufacturing output falls at slower pace but market conditions remain weak overall

The start of the third quarter saw the UK manufacturing downturn show signs of easing. The rate of contraction in output slowed to its weakest in the current sequence of decline and business optimism rose to a five-month high. There remained risks to the downside, however, including persistently weak domestic and overseas market conditions, subdued client sentiment and manufacturers concerns about the ongoing implications of government budget de…