UK Manufacturing PMI: industry downturn continues amid weak demand and ongoing Red Sea crisis

Posted on 4 Mar 2024 by James Devonshire
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The UK manufacturing industry's downturn continued in February, with production and new orders both falling, as the knock-on effects of the ongoing Red Sea crisis caused disruption to supply chains, according to the latest S&P Global UK Manufacturing PMI®.

February 2024 UK Manufacturing PMI key findings: Manufacturing PMI at 47.5 (10-month high) Production declines as new order intakes fall Red Sea crisis leads to supply disruption

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UK manufacturers continued to face challenging conditions in February, as the ongoing crisis in the Red Sea delayed raw material deliveries and higher costs for businesses, leading to…

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