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 of stabilization appeared first on Action Forex.
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