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Economy And The Numbers

UK Manufacturing Sector Growth Weakens To 25-Month Low

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The UK manufacturing sector growth moderated to a 25-month low in July as the downturn in production and new work continued amid heightened uncertainty, the cost of living crisis and supply chain issues.

The Chartered Institute of Procurement & Supply final manufacturing Purchasing Managers' Index declined to a 25-month low of 52.1 in July from 52.8 in June, the survey results published by S&P Global showed Monday. The flash reading was 52.2.

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