Manufacturing downturn continues as optimism at four-month high
The UK’s manufacturing sector contracted again in January, while business optimism jumped to its highest level in four months.
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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.