UK Manufacturing PMI Hits 51.9 in July as Output Reaches Near 2-Year High
Updated
Updated · City A.M. · Aug 3
UK Manufacturing PMI Hits 51.9 in July as Output Reaches Near 2-Year High
2 articles · Updated · City A.M. · Aug 3
Summary
S&P Global’s July survey showed UK manufacturing output rising for a ninth straight month, with production and new orders both accelerating from June.
The PMI came in at 51.9, staying above the 50 growth threshold as firms reported stronger demand and a near-two-year high in output.
Input-cost inflation slowed to a five-month low and supply-chain delays eased to their lowest since the Middle East war began, helping support production.
Employment growth lagged, however, with hiring increasing at the weakest pace in four months and small manufacturers still reporting a mild downturn.
Manufacturers remain broadly optimistic for the next 12 months, though risks from renewed Middle East tensions, higher energy prices and possible tax increases still cloud the outlook.