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

By Reuters (01/05/2024)

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.

Read the full article on the Reuters website .