The Magazine for Asian Investors
According to S & P Global / CIPS, the UK manufacturing Purchasing Managers’ Index (PMI) rose slightly in April after falling to its weakest level in a year in March. Manufacturers are concerned about the production trend, as costs have increased while demand is stagnant.
The final manufacturing PMI rose to 55.8 in April, up from a 13-month low of 55.2 in March, and above the preliminary April PMI of 55.3.
Some 55% of manufacturers expect production to increase in the coming year. However, this was the weakest forecast since December 2020, following the slowest growth in domestic orders since January 2021 and the largest decline in exports since July 2020.