UK Manufacturing PMI: slight industry uptick leads to three-month high PMI

The UK manufacturing sector’s downturn eased somewhat in May, recording a three-month high and prompting talks that industry may have turned a corner. According to this latest figures released by S&P Global, the seasonally adjusted UK Manufacturing Purchasing Managers’ Index (PMI) was 46.4 in May, a slight increase on April’s 45.4 and above the earlier…