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UK and Australia manufacturing sectors decline in December, with PMIs falling to 47.0 and 47.8, respectively.
UK and Australian manufacturing sectors saw declines in December, with the UK's PMI dropping to an 11-month low of 47.0, signaling a sharp contraction in output, orders, and employment.
Cost pressures, weaker exports, and economic uncertainty due to policy changes are hitting SMEs hard.
In Australia, the PMI fell to 47.8, marking the eleventh straight month of decline, with higher costs and reduced demand affecting manufacturers.
Despite these challenges, business confidence in Australia remains optimistic for future improvements.
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Los sectores manufactureros del Reino Unido y Australia disminuyeron en diciembre, con PMI que cayeron a 47,0 y 47,8, respectivamente.