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UK manufacturing output rises at fastest rate since September 2024
The upturn in UK manufacturing showed signs of losing momentum at the end of the second quarter. Although output growth accelerated as companies continued to benefit from clients' strategic stockpiling, a softer uplift in incoming new orders suggested the impetus provided by this was already starting to fade. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMI®) posted 52.5 in June, down from May's four-year high of 53.9 and the earlier flash estimate of 53.1. The PMI has signalled expansion in each of the past eight months. Four of the five PMI sub-components were at levels ... (full story)
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