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flag UK and Australia manufacturing sectors decline in December, with PMIs falling to 47.0 and 47.8, respectively.

flag 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. flag Cost pressures, weaker exports, and economic uncertainty due to policy changes are hitting SMEs hard. flag In Australia, the PMI fell to 47.8, marking the eleventh straight month of decline, with higher costs and reduced demand affecting manufacturers. flag Despite these challenges, business confidence in Australia remains optimistic for future improvements.

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