UK manufacturing sector shrinking at fastest pace since lockdown, data suggests
A new survey showed that – discounting Covid-19 – the sector is struggling more than at any time since the 2009 financial crash.
Source: asianimage.co.uk
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UK manufacturing downturn deepens as PMI hits 39-month low
The contraction in UK manufacturing activity reached its worst level in more than three years in August with demand hit by weaker domestic and export conditions.
Source: sharecast.com
UK factory orders tumble in the face of higher rates - PMI
British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad, a survey showed on...
Source: marketscreener.com
UK PMI manufacturing finalized at 43, deepening downturn
UK PMI Manufacturing was finalized at 43.0 in August, down from 45.3 in July. This marks the lowest level since May 2020, underscoring the frailty in the sector. S&P Global highlighted that the demand slackened due to weaker domestic and export conditions. Interestingly, purchase prices have also declined at their fastest rate since January 2016.
Source: actionforex.com
Economic concerns grow in UK as manufacturing slumps
The UK's manufacturing sector on Friday experienced a significant decline in activity, reaching its lowest point since the initial ...
Source: harakahdaily.net