US EditionUK Manufacturing Activity Shrinks at Fastest Pace for Five Months
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UK manufacturing output fell at fastest pace in five months in September
UK Manufacturing Activity Shrinks at Fastest Pace for 5 Months
Activity in the UK manufacturing sector contracted at its fastest pace for five months in September after orders dropped, according to new figures. The downturn came as firms linked to the car industry also warned that their supply chains were affected by production shutdowns at Jaguar Land Rover. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 46.2 for the month, decreasing from 47.0 in August. Any…
It hit a five-month low and remained below the neutral 50 level for the twelfth consecutive month.
Manufacturing PMI falls back to five-month low as downturns in output and new orders gather pace
The operating environment faced by UK manufacturers remained challenging in September, as a quiet domestic market and lower intakes of new export business stymied production volumes and total new order intakes.
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