UK Manufacturing Sector Shows Signs of Stabilization
The UK manufacturing sector's PMI hits a five-month high, signaling a potential turnaround amid ongoing challenges.
In this episode of UK Business Morning, Alice and Lewis delve into the latest S&P Global UK manufacturing PMI data, which shows a slight improvement in June with a reading of 47.7 compared to May's 46.4. While the sector remains in contraction, the slowdown in the rate of decline is a positive sign. They discuss factors such as production, new orders, and employment trends, as well as expert insights from Rob Dobson at S&P Global and Mike Thornton at RSM UK. The hosts also explore the potential impact of the new US-UK trade deal and the ongoing challenges posed by tariffs, government policies, and global economic uncertainty. Tune in to understand the fragile yet hopeful state of the UK manufacturing sector.
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