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UK manufacturing activity cools despite stockpiling boost to output, PMI shows
Summary
British manufacturing activity cooled in June despite a boost to output from stockpiling ahead of price hikes and supply chain problems stemming from the Middle East conflict, a closely watched industry survey showed on Wednesday. The final version of S&P Global's UK Manufacturing Purchasing Managers' Index for June fell to 52.5, below a preliminary estimate of 53.1 and May's 53.9.
The UK industry continued to expand in June 2026, although with signs of loss of breath at the end of the second quarter, according to the report of S&P Global and Hamburg Commercial Bank (HCOB). The Industrial Purchasing Managers Index (PMI) declined from 53.9 in May to 52.5 in June, remaining above the 50 mark — which indicates expansion — but recording a slowdown after reaching the highest level in four years in the previous month. Despite th…