UK PMI manufacturing finalized at 49.1, sector faces multiple challenges

UK PMI Manufacturing was finalized at 49.1 in April, down from March’s 50.3. This decline was also reflected in four key areas: output, new orders, employment, and stocks of purchases. Furthermore, input price inflation hit a 14-month high, exacerbating cost pressures for manufacturers. Rob Dobson, Director at S&P Global Market Intelligence, highlighted the renewed downturn, […]

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