UK manufacturing downturn shows signs of slowing in July
The UK manufacturing sector showed signs of slowing contraction in July, with the Purchasing Managers’ Index rising to 48.0 from 47.7 in June, marking a modest improvement amid ongoing challenges. Business optimism reached a five-month high, driven by hopes for market recovery and new product launches. Despite these encouraging signals, persistent declines in output and new business, as well as continued job losses, highlight the fragility of the recovery amidst external uncertainties, including post-Brexit issues and global tariff complications.
