UK manufacturing on the brink going through ‘excessive prices and weak demand’ after Labour price range | UK | News | EUROtoday

A downturn within the UK’s manufacturing sector worsened final month, with exercise falling to a nine-month low, amid considerations concerning the financial outlook and geopolitical tensions, in response to new knowledge.

The carefully watched S&P Global UK manufacturing PMI survey recorded a studying of 48.0 in November, down from 49.9 in October.

It marks the second consecutive month the rating has come beneath the impartial 50 mark.

Any studying above 50 signifies that exercise is rising, whereas any rating beneath means it’s contracting.

Rob Dobson, director at S&P Global Market Intelligence, mentioned: “Conditions in the UK manufacturing sector deteriorated again in November.

“The headline PMI fell to a nine-month low as concerns surrounding the economic outlook, high costs and weak demand led to lower output, falling orders and cutbacks to purchasing, jobs and inventory holdings.

“With recent Budget announcements on labour costs and employer national insurance likely to raise costs further in 2025, and geopolitical tensions heating up notably around the threat of increased global protectionism, manufacturers are left facing an environment of high costs, low demand and raised uncertainty for the foreseeable future.”