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UK April final manufacturing PMI 47.8 vs 46.6 prelim

UK April final manufacturing PMI 47.8 vs 46.6 prelim
Prior 47.9That's a decent revision higher, which sees UK manufacturing activity fall marginally in April as compared to March. That said, it is still in contraction territory with both output and new orders also falling. S&P Global notes that:“The UK manufacturing sector remained in the doldrums at the start of the second quarter. Output and new orders contracted, as manufacturers felt the impacts of client uncertainty, destocking and tightening cost controls. There was no escape from the subdue... Read More
Posted: May 2 2023, 08:30
Author Name: forexlive
Views: 092081

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