In August, UK manufacturing PMI rose to 52.5, marking four months of growth despite export order decline.
In August, the UK's manufacturing sector grew at its fastest pace in over two years, with the S&P Global manufacturing PMI rising to 52.5 from 52.1 in July. This marks four months of continuous growth, driven by increased output, new orders, and job creation, particularly in the investment goods sector. However, export orders fell for the 31st month due to weak demand in Europe and China's economic slowdown. Input and selling price increases slowed as well.
September 02, 2024
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