UK manufacturers face tough operating backdrop in Apr: S&P Global
UK manufacturers faced a tough operating backdrop in April, with market uncertainties rising, client confidence retreating and cost pressures intensifying, according to S&P Global Ratings. Manufacturing production contracted again in April, albeit to a slightly lesser extent than in March. The total level of new business placed with UK manufacturers contracted for the seventh month in a row.
UK manufacturers faced a tough operating backdrop in April, with market uncertainties rising, client confidence retreating and cost pressures intensifying, according to S&P Global Ratings.
Manufacturing production contracted again in April, albeit to a slightly lesser extent than in March.
The total level of new business placed with UK manufacturers contracted for the seventh month in a row.
