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UK manufacturing saw its sharpest decline in 17 months, with PMI dropping to 44.9 in March.
UK manufacturing saw its fastest decline in 17 months in March, with the PMI dropping to 44.9, its lowest level since October 2023.
New orders and production fell sharply, affecting all sizes and sectors.
Reduced demand from Europe and the US contributed to the slump.
The industry is adopting cost-saving measures and may focus on improving supply chain resilience and productivity through advanced technologies.
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La industria del Reino Unido experimentó su mayor declive en 17 meses, con el PMI cayendo a 44,9 en marzo.