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UK Manufacturing Contracts Again As Uncertainty Weighs On Demand

July 3, 2023

Despite easing price and supply chain pressures, the UK manufacturing activity shrank further in June amid an uncertain outlook for both domestic and foreign orders, final survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Monday.

The CIPS Purchasing Managers’ Index, or PMI, for manufacturing declined to 46.5 in June from 47.1 in the previous month. The score was above the flash estimate of 46.2, but remained the lowest since last December.

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