UK Manufacturing PMI: Industry continues to contract as demand dips

Posted on 4 Jul 2023 by James Devonshire
Stock image - worker grinding casting in manufacturing facility. Image credit: Shutterstock

The UK manufacturing industry's downturn continued as quarter two came to an end, with output, new orders and employment all declining, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

June 2023 UK Manufacturing PMI key findings: Manufacturing PMI at 46.5 in June Output falls in intermediate and investment goods sectors Input prices and output charges both fall

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June saw the seasonally adjusted UK Manufacturing PMI fall to a six-month low of 46.5 (a reading below 50 suggests contraction in the sector), down on May’s…

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