UK Manufacturing PMI Shows Slight Improvement But Sector Remains Under Pressure

The UK's manufacturing sector experienced a slight uptick in April, with the S&P Global Manufacturing PMI rising to 45.4 from March's 44.9. Despite this minor improvement, the sector continues to face significant challenges.

Declines in Output, New Orders, and Employment Highlight Sector Struggles

Recent data reveals concerning trends, including declines in output, new orders, and employment. Manufacturers are grappling with deteriorating market conditions, weakened client confidence, and increasing uncertainty, particularly around potential US tariffs.

Export Demand Hits Near Five-Year Low

Export demand has plummeted to its lowest level in nearly five years, with significant reductions in orders from key markets such as the US, Europe, and China. Rob Dobson, Director at S&P Global Market Intelligence, notes the adverse impact of global market conditions and US tariff announcements on the sector.