UK Manufacturing PMI: Industry downturn deepens to seven-month low

Posted on 1 Aug 2023 by James Devonshire
Stock image - worker grinding casting in manufacturing facility. Image credit: Shutterstock

The UK manufacturing industry's downturn deepened in July, hitting a seven-month low, with output, new orders and export demand all declining, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

July 2023 UK Manufacturing PMI key findings: Output and new orders fall at faster rates Weak global conditions hit export demand Input prices fall for third successive month

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July saw the seasonally adjusted UK Manufacturing PMI fall to 45.3, the lowest it has been in 2023, down on June’s reading of 46.5. A reading below…

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