India, March 3 -- UK manufacturing activity deteriorated at the steepest pace in fourteen months in February amid ongoing concerns about weak demand and rising cost pressures, final survey results from S&P Global showed on Monday.
The final manufacturing Purchasing Managers' Index dropped to 46.9 in February from 48.3 in January. The reading was above the flash score of 46.4.
A score below 50.0 suggests contraction. Operating conditions have deteriorated in each of the past five months.
Output fell for the fourth successive month in February due to lower new order intakes, subdued client confidence, and supply chain issues. Weaker demand was evident in both domestic and foreign clients.
A lackluster domestic demand was mainly caused by ...