Mumbai, Feb. 3 -- The start of 2025 saw UK manufacturing production, new orders and employment continue to contract, as companies faced weak market conditions at home and abroad. Cost burdens also swung higher, with input price inflation rising to a two-year high.
The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index (PMI) posted 48.3 in January, up from December's 11-month low of 47.0.
The PMI has signalled a deterioration in overall operating conditions in each of the past four months, with its level negatively impacted by four of its five components. Output, new orders, employment and stocks of purchases all declined, whereas average vendor lead times lengthened.
Manufacturing production fell for the third mon...