Final UK Manufacturing PMI Drops to 13-Month Low in March

S&P Global / CIPS reported that the UK manufacturing Purchasing Managers’ Index (PMI) fell to 55.2 in March from 58.0 in February.

The PMI remains above 50, suggesting that UK manufacturing continues to expand.

Manufacturing in the United Kingdom recorded its weakest growth in 13 years in March. Price pressure, which had previously shown signs of improvement, became increasingly severe.

The number of new orders in the survey fell to the lowest level since January 2021 due to weaker domestic demand and the decline in export orders.

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