We have a great zone The UK manufacturing sector experienced a resurgence in May, with output expanding at the fastest rate in over two years, driven by an influx of new orders. This positive development also bolstered manufacturers' optimism, as their confidence levels soared to the highest point since early 2022, with 63% of companies anticipating an increase in output over the next year. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index climbed to 51.2 in May, up from 49.1 in April, marking its highest reading since July 2022, though slightly below the initial flash estimate of 51.3.
According to Rob Dobson, director at data provider S&P Intelligence,
‘May saw a solid revival of activity in the UK manufacturing sector, with production levels and new business both rising at the quickest rates since early 2022. The breadth of the recovery was also positive, with concurrent output and new order growth registered for all of the main subindustries (consumer, intermediate, and investment goods) and all company size categories for the first time in over two years.’
According to Rob Dobson, director at data provider S&P Intelligence,
‘May saw a solid revival of activity in the UK manufacturing sector, with production levels and new business both rising at the quickest rates since early 2022. The breadth of the recovery was also positive, with concurrent output and new order growth registered for all of the main subindustries (consumer, intermediate, and investment goods) and all company size categories for the first time in over two years.’
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.