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UK manufacturing ‘hampered by market uncertainty, cost of living and war in Ukraine’

August 1, 2022

Via: Sky News

The S&P Global/CIPS UK Manufacturing PMI scored 52.1 in July – the lowest for 25 months and down from 52.8 in June.

Any number above 50 is seen as growth, so it means that the sector is still growing, albeit slowly.

Output and new orders were at their lowest since the onset of the COVID-19 pandemic caused much of the economy to temporarily shut down in 2020.

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