India, July 1 -- The UK factory sector deteriorated at a slower pace in June as the decline in output, new orders, and employment moderated, the purchasing managers' survey results from S&P Global showed on Tuesday.
The final manufacturing PMI rose to a five-month high of 47.7 in June, as estimated, from May's nearly 18-month low of 46.4. However, the score remained below the neutral level of 50.0, suggesting contraction.
Both output and new orders continued to decline in June amid weak market conditions, clients offsetting higher costs through reduced demand, and uncertainty surrounding government policy, tariffs, and the general economic or geopolitical situation. Nonetheless, the rate of contraction was eased in both cases.
Lower new ...