UK Manufacturing PMI: Industry downturn deepens as year ends

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The UK manufacturing industry downturn deepened in December, with output, new orders and employment all falling, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

December 2023 UK Manufacturing PMI key findings: Manufacturing PMI at 46.2 in December Output, new orders and employment fall Business optimism dips to 12-month low

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In December, the seasonally adjusted UK Manufacturing PMI dropped to 46.2, down from November’s seven-month high reading of 47.2 and lower than the earlier flash estimate of 46.4. A…