UK Manufacturing PMI Shows Slight Improvement but Sector Remains Under Pressure

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.

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

The latest data reveals concerning declines in output, new orders, and employment. Manufacturers are grappling with worsening market conditions, weakened client confidence, and increased uncertainty, particularly due to potential US tariffs.

Export Demand Plummets Amid Global Trade Tensions

Export demand has seen its sharpest decline 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 effects of global market conditions and the impact of US tariff announcements on the sector.