UK manufacturing showed tentative stabilisation in July, with the PMI rising to a six-month high of 48.0, though still in contraction for the tenth month.
Output declined at the slowest pace in the current downturn, and business optimism improved.
However, weak domestic and export demand, rising costs, job cuts, and policy uncertainty continued to weigh heavily on the sector’s overall performance.
Output declined at the slowest pace in the current downturn, and business optimism improved.
However, weak domestic and export demand, rising costs, job cuts, and policy uncertainty continued to weigh heavily on the sector’s overall performance.
