UK June final manufacturing PMI 47.7 vs 47.7 prelim ...Middle East

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UK June final manufacturing PMI 47.7 vs 47.7 prelim
Prior 46.4

Key details:

Output, new orders and employment fall further, but at slower rates Business optimism at four-month high

Comment:

    Rob Dobson, Director at S&P Global Market Intelligence

    “Although the downturn in UK manufacturing continued in June, the latest PMI survey provides signs of conditions stabilising. Production, new orders and employment all fell at slower rates, while business optimism picked up to a four-month high. The orders-to-inventory ratio, a reliable bellwether of future production trends, also climbed sharply to its highest since August 2024. Inflation of both input costs and selling prices meanwhile nudged lower to hint at a softening inflation trend.

    “That said, any hoped for stabilisation remains fragile and subject to potential headwinds that could severely impact demand, supply chain reliability and future growth prospects, as manufacturers continue to caution their optimism with concerns about heightened geopolitical tensions, weak global markets, tariff uncertainties and fears over the direction of future government policy."

    This article was written by Giuseppe Dellamotta at www.forexlive.com.

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