Page 4 - Rob Dobson News Today

Britains manufacturing sector returned to growth in March, its first positive month in nearly two years, according to a closely watched economic indicator.

Pound to Euro Rate Edges Above 1.1700 - GBP/EUR Forecast | Currency News UK

UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

British factory activity deteriorated further in February as production was dampened by weak demand and the impact of the Red Sea crisis, survey results from S&P Global revealed Friday.

UK PMI Manufacturing was finalized at 47.5 in February, up from January's 47.0. This marks the highest reading since April 2023, yet the sector has been contracting for 19 consecutive months.

The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months.

The closely-watched S&P Global/CIPS UK manufacturing PMI survey increased to 47 in January from a reading of 46.2 in December

The UK manufacturing sector entered the new year still on a downward path, survey results showed on Thursday. The seasonally adjusted S&P Global UK manufacturing purchasing managers index reading... -February 01, 2024 at 04:48 am EST - MarketScreener

UK PMI Manufacturing was finalized at 47.0 in January, up from December's 46.2. This modest improvement, however, did not signal an end to the sector's downturn, with continued contractions observed across key areas.

The UK's hard-pressed manufacturing sector faltered in January, a closely-watched survey showed on Thursday, as disruption in the Red Sea started to bite.