UK Manufacturing PMI Shows Slight Improvement Amidst Ongoing Challenges

The UK manufacturing sector continued to face significant pressures in April, as indicated by the S&P Global Manufacturing PMI, which slightly increased to 45.4 from March's 44.9. This data, released on Thursday, underscores the ongoing struggles within the sector.

Declines in Output, Orders, and Employment

The report highlighted concerning declines in output, new orders, and employment levels. Manufacturers are grappling with worsening market conditions, diminished client confidence, and increased uncertainty, particularly regarding potential US tariffs.

Sharp Drop in Export Demand

Export demand experienced its most significant decline in nearly five years, with notable reductions in orders from key markets such as the US, Europe, and China. Rob Dobson, Director at S&P Global Market Intelligence, noted the adverse global market conditions and the palpable impact of US tariff announcements on global markets.