UK Manufacturing PMI: industry records growth for first time since July 2022

The UK manufacturing industry showed some signs of recovery in March, with production and new orders both picking up following a prolonged period of contraction, according to the latest S&P Global UK Manufacturing PMI®.

March 2024 UK Manufacturing PMI key findings: Manufacturing PMI at 50.3 in March Business optimism rises to 11-month high Supply chains remain under stress as Red Sea crisis continues

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As well an uptick in output and new orders, UK manufacturing also saw contraction in employment and purchasing activity both slow sharply, contributing to the…