UK’s manufacturing shows no sign of improvement, hits 11-month low

The UK Manufacturing PMI dropped to 47.0 in December, an 11-month low, indicating a deepening sector downturn.
Output, new orders, and employment fell sharply due to destocking, cost pressures, and restructuring ahead of legislative changes.
Export sales saw the steepest drop in 10 months, while business confidence hit a two-year low amidst inflation and economic concerns.Read More