UK manufacturing returns to growth for first time since July 2022
The UK's manufacturing sector recorded growth for the first time since July 2022, according to a closely watched survey.
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The UK's manufacturing sector recorded growth for the first time since July 2022, according to a closely watched survey.
UK PMI Manufacturing was finalized at 50.3 in March, climbing from February's 47.5 to mark a 20-month high. This development represents the sector's first move above the critical 50.0 threshold since July 2022, indicating a tentative resurgence in manufacturing activity.
The UK manufacturing sector crossed the no-change mark into growth territory in March, according to the latest numbers from S&P Global. Separate data, meanwhile, showed UK mortgage approvals...
Factory sector activity expanded last month for the first time since July 2022, according to the results of a closely followed survey.
Currency markets shifted their attention towards the sell-off in Swiss Franc today, a reaction to the substantial rally observed in European and US treasury yields. With the 10-year yields in Germany and UK climbing back above 2.4% and towards 4.1% respectively, and US 10-year yield setting sights on 4.4%.