UK manufacturing shrinks again but may be ‘turning a corner’
The UK manufacturing sector shrank again last month but may be “turning a corner”, according to new figures. Factories saw the recent downturn linked to trade tensions, US tariffs and higher costs slow down during May but highlighted that confidence was still “subdued”. The S&P Global UK manufacturing PMI survey, watched closely by economists, showed a reading of 46.4 in May, up from 45.4 in April. Any reading above 50 […]