London close: Stocks end down as GSK tumbles on litigation woes
London close: Stocks end down as GSK tumbles on litigation woes | Financial News
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London close: Stocks end down as GSK tumbles on litigation woes | Financial News
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.
British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday. ... -May 01, 2024 at 04:30 am EDT - MarketScreener
The influential S&P Global/CIPS UK manufacturing PMI survey dropped to 49.1 in April, having hit a 20-month high of 50.3 in the previous month.
New figures confirmed that the manufacturing sector slipped back into contraction in April as the sector suffered from uncertain demand.