India, May 1 -- The UK manufacturing activity slid into contraction at the start of the second quarter as improvement in output and new orders were short-lived amid uncertain market conditions, client destocking and supply chain disruptions.
The S&P Global final manufacturing Purchasing Managers' Index fell to 49.1 in April from a 20-month high of 50.3 in March, survey results showed on Wednesday. The score was above the flash estimate of 48.7.
Four out of the five components of the PMI contracted in April. Only supplier delivery times bucked the negative trend.
Production continued to decrease in April largely reflecting decreases in intermediate and investment goods industries. Due to weaker demand from both domestic and overseas marke...