UK manufacturing downturn deepens in Mar 2025: S&P Global Ratings
March saw UK manufacturing downturn deepen, S&P Global PMI data show. Rates of contraction in output and new orders accelerated as the difficult operating environment persisted. Business confidence fell to a near two-and-a-half year low, with 44 per cent of companies expecting activity to rise over the coming year. New export business contracted for the thirty-eighth successive month in March.
March saw UK manufacturing downturn deepen, S&P Global PMI data show.
Rates of contraction in output and new orders accelerated as the difficult operating environment persisted.
Business confidence fell to a near two-and-a-half year low, with 44 per cent of companies expecting activity to rise over the coming year.
New export business contracted for the thirty-eighth successive month in March.
