UK Manufacturing PMI Hits 26-month High in August

From Morningstar: 2024-09-02 12:17:00

The UK manufacturing sector saw continued recovery in August, with output, new orders, and employment all rising, according to a survey. The S&P Global UK manufacturing PMI rose to a 26-month high of 52.5, signaling expansion in five out of the past six months. Domestic market demand drove new contract wins, while export orders declined for the thirty-first consecutive month. S&P Global Market Intelligence Director noted concerns over the trend in export orders, despite positive sentiment for the sector’s future outlook.



Read more at Morningstar: UK Manufacturing PMI Hits 26-month High in August