UK Manufacturing PMI: Industry output and new orders contract amid weak domestic and export markets

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

The UK manufacturing industry's downturn continued at the end of Q3 2023, with output and new orders both contracting as demand from both domestic and foreign markets weakened, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

September 2023 UK Manufacturing PMI key findings: Manufacturing PMI at 44.3, up from 43.0 in August Output scaled back across all sub-sectors Input prices fall further; healing of supply chains continues

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September saw the seasonally adjusted UK Manufacturing PMI rise slightly to 44.3, up on August’s 39-month low of 43. A reading below 50 suggests…

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