UK Manufacturing PMI: Industry downturn continues as Q4 unfolds

Posted on 2 Nov 2023 by James Devonshire
Stock image - worker grinding casting in manufacturing facility. Image credit: Shutterstock

The UK manufacturing industry continued its contraction in October, with difficult and uncertain market conditions leading to output, new orders and employment all declining, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

October 2023 UK Manufacturing PMI key findings: Manufacturing PMI at 44.8 in October Output, new orders and employment decline Business optimism dips to 10-month low

This content is for subscribers only. Subscribe now for free to read the full article.

In October, the seasonally adjusted UK Manufacturing PMI rose slightly to 44.8, up on September’s reading of 44.3 but below the earlier flash estimate of 45.2. A reading below 50…

This content is for subscribers only. Subscribe now for free to read the full article.