UK Manufacturing Shrinks Again but May Be ‘Turning a Corner’

UK manufacturing shrinks again but may be ‘turning a corner’

New data showed the recent downturn linked to trade tensions, US tariffs and higher costs slowed down in May.

UK manufacturing shrinks again but may be turning a corner - Banbury FM

The UK manufacturing sector shrank again last month but may be “turning a corner”, according to new figures. Factories saw the recent downturn linked to trade tensions, US tariffs and higher costs slow down during May but highlighted that confidence was still “subdued”. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 46.4 in May, up from 45.4 in April. Any reading above 50 indicates that activity is…

UK manufacturing shrinks again but may be ‘turning a corner’ - Rother Radio

The UK manufacturing sector shrank again last month but may be “turning a corner”, according to new figures. Factories saw the recent downturn linked to trade tensions, US tariffs and higher costs slow down during May but highlighted that confidence was still “subdued”. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 46.4 in May, up from 45.4 in April. Any reading above 50 indicates that activity is…

UK PMI manufacturing finalized at 46.4, with tentative signs of stabilization - Action Forex

UK manufacturing activity remained in contraction in May, with PMI finalized at 46.4, up modestly from April’s 45.4. The data indicate that the sector continues to face “major challenges,” according to S&P Global’s Rob Dobson, citing turbulent domestic and global conditions, trade uncertainty, subdued client confidence, and increased wage costs tied to tax changes. Still, […] The post UK PMI manufacturing finalized at 46.4, with tentative signs …