Rob Dobson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

London close: Stocks end down as GSK tumbles on litigation woes

London close: Stocks end down as GSK tumbles on litigation woes | Financial News

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UK factories slip back into downturn as cost pressures rise, PMI shows

UK factories slip back into downturn as cost pressures rise, PMI shows
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Manufacturing sector shrunk further last month amid the Red Sea crisis

Manufacturing sector shrunk further last month amid the Red Sea crisis
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UK PMI manufacturing finalized at 49 1, sector faces multiple challenges

UK PMI Manufacturing was finalized at 49.1 in April, down from March's 50.3. This decline was also reflected in four key areas: output, new orders, employment, and stocks of purchases. Furthermore, input price inflation hit a 14-month high, exacerbating cost pressures for manufacturers.

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subbed-UK factories slip back into downturn as cost pressures rise, PMI shows

British manufacturing fell back into contraction in April and cost pressures escalated, although the pace of decline was a little less marked than first feared, a survey showed on Wednesday. . -May 01, 2024 at 04:30 am EDT - MarketScreener

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