UK Manufacturing Faces Continued Challenges

The UK manufacturing sector continued to face significant pressures in April, as indicated by the latest S&P Global Manufacturing PMI report. The index saw a marginal increase to 45.4 from March's 44.9, yet remains well below the growth threshold.

Declines Across Key Indicators

Output, new orders, and employment all experienced declines, reflecting the sector's ongoing struggles. Manufacturers pointed to deteriorating market conditions, weakened client confidence, and increased uncertainty, particularly regarding potential US tariffs, as key factors.

Export Demand Hits Five-Year Low

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