UK Manufacturing PMI Shows Slight Improvement but Sector Remains Under Pressure

The UK manufacturing sector faced continued challenges in April, with the S&P Global Manufacturing PMI edging up to 45.4 from March's 44.9. Despite this minor improvement, the sector is still grappling with significant hurdles.

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

The latest data underscores concerning trends, including declines in output, new orders, and employment. Manufacturers are pointing to worsening market conditions, a dip in client confidence, and increased uncertainty, particularly around potential US tariffs, as key factors.

Export Demand Hits Near Five-Year Low

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