India, April 1 -- UK manufacturing activity deteriorated at the fastest pace in seventeen months as the decline in output and new orders accelerated, final survey results from S&P Global showed on Tuesday.
The final manufacturing Purchasing Managers' Index dropped to a 17-month low of 44.9 in March from 46.9 in February. The reading was marginally above the flash score of 44.6.
A score below 50.0 suggests contraction. Operating conditions have deteriorated in each of the past six months.
Manufacturing production declined for the fifth straight month and at the quickest pace since October 2023. The downturn was widespread, with contractions signaled across all sub-sector definitions and all size categories.
New order intakes fell to the ...