UK Manufacturing Sector Struggles in April

The UK's manufacturing sector faced ongoing challenges in April, as indicated by a slight increase in the S&P Global Manufacturing PMI to 45.4 from March's 44.9. Despite this minor improvement, the sector remains in contraction territory.

Key Challenges Facing Manufacturers

Manufacturers reported declines in output, new orders, and employment, attributed to worsening market conditions and weaker client confidence. The sector is particularly concerned about the impact of global trade tensions and potential US tariffs.

Export Demand Hits Five-Year Low

Export demand experienced its sharpest decline in nearly five years, with significant reductions in orders from the US, Europe, and China. Rob Dobson of S&P Global Market Intelligence highlighted the adverse effects of global market conditions and the noticeable impact of US tariff announcements.