UK Factory Growth Hits 53.9 PMI, Fastest in 4 Years
Updated
Updated · Bloomberg · Jun 1
UK Factory Growth Hits 53.9 PMI, Fastest in 4 Years
6 articles · Updated · Bloomberg · Jun 1
UK manufacturing expanded at its quickest pace in four years in May, with S&P Global’s PMI edging up to 53.9 from 53.7 in April.
Middle East conflict-driven fears over higher prices and supply strains helped fuel the pickup as factories moved to get ahead of potential disruption.
The survey still suggested the burst of activity may be short-lived, indicating current growth is being pulled forward rather than sustained by stronger underlying demand.
Amidst a temporary boom, is UK manufacturing secretly spiraling towards a pronounced recession?
Will the UK's new steel tariffs save a key industry or cripple 300,000 other manufacturing jobs?