UK Manufacturing PMI: industry slips into contraction as output slows and new orders decline

Posted on 4 Nov 2024 by James Devonshire
The UK manufacturing sector contracted in October, with output growth slowing and new orders declining, new figures released on Friday show. According to the S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMI®), the UK manufacturing sector faced a lack of market optimism, slower economic growth, stretched supply chains and apprehension ahead of the Chancellor’s Autumn…

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