UK Manufacturing PMI Shows Slight Improvement Amidst Ongoing Pressures

The UK 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, including declines in output, new orders, and employment.

Global Trade Tensions and Rising Costs Impact Sector

Manufacturers are grappling with worsening market conditions, attributed to weaker client confidence and heightened uncertainty, particularly around potential US tariffs. The report highlights a sharp decline in export demand, the most significant in nearly five years, with notable decreases in orders from the US, Europe, and China.

Rob Dobson, Director at S&P Global Market Intelligence, commented on the adverse global market conditions affecting firms, noting the noticeable impact of US tariff announcements on global markets.