UK Manufacturing Sector Under Pressure

The UK manufacturing sector continued to face significant challenges in April, as indicated by the S&P Global Manufacturing PMI, which saw a slight increase to 45.4 from March's 44.9. This data, released on Thursday, underscores the ongoing struggles within the sector.

Declines Across Key Indicators

Output, new orders, and employment all experienced declines, with manufacturers pointing to worsening market conditions, decreased client confidence, and heightened uncertainty. The potential impact of US tariffs was a particularly pressing concern.

Sharp Drop in Export Demand

Export demand plummeted at the sharpest rate in nearly five years, with significant reductions in orders from the US, Europe, and China. Rob Dobson, Director at S&P Global Market Intelligence, highlighted the adverse effects of global market conditions and the noticeable impact of US tariff announcements on global markets.