US EditionUK factory slump deepens as tariff and cost worries grow
- UK factory production reached a one-and-a-half year low, with a March score of 44.9, indicating contraction, according to the S&P Global UK manufacturing PMI survey.
- The decline, marking five months of reduced activity, is hardest on smaller manufacturers, facing disrupted new orders due to rising costs and tariffs.
- US President Donald Trump has imposed tariffs on UK aluminium and steel, increasing uncertainty in the manufacturing sector.
- Rob Dobson from S&P Global stated that companies are impacted by deteriorating domestic market conditions and rising costs due to national wage changes.
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Confidence Plunges Across UK Manufacturing Sector
The latest S&P Global’s UK Purchasing Managers’ Index (PMI) shows that UK manufacturing’s woes have deepened. S&P Global’s latest PMI survey, which asks around 600 industrial companies about their performances, suggests that manufacturing is again in the downturn following a poor start to the year. The latest figure showed that it decreased to 44.9, which was slightly better than the figure of 44.6 that economists had predicted. This was the l…
·London, United Kingdom
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Glasgow Times+4 Reposted by 4 other sources
UK factory slump deepens as tariff and cost worries grow
March’s score was the lowest since October 2023 with the downturn reaching all corners of the industry.
·Glasgow, United Kingdom
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Total News Sources7
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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