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