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UK Factories Slip Back into Downturn Amid Rising Energy Costs, PMI Shows

From: Reuters
Switch365 Team
May 1st, 2024
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British manufacturing fell back into contraction in April as cost pressures, particularly from rising energy costs, escalated. The S&P Global UK Manufacturing PMI dropped to 49.1 from 50.3 in March. This decline reflects increased energy and material costs, impacting output, new orders, and employment.