UK Factories Stumble as New Orders Fall Back, PMI Shows

UK factories stumble as new orders fall back, PMI shows

LONDON: Britain's manufacturers suffered a fresh setback in August after signs of a recovery with new orders dropping due to worries about trade tensions abroad and tax increases at home, according to a survey published on Monday. © New Straits Times Press (M) Bhd

UK manufacturing downturn worsens amid slump in new orders

The figures for the S&P Global UK manufacturing PMI survey were the worst for three months.

Manufacturing downturn continues as new orders and new export business fall at quicker rates

The UK manufacturing sector continued to face a tough operating environment in August, weak market conditions, tariff uncertainties and downbeat client confidence all contributed to a sharp drop in new order intakes, with both domestic and overseas demand slumping.