UK Manufacturing Stumbles Again as US Tariffs Bite
It’s a rough patch for UK factories. The latest data shows the sector shrinking once more in May, a re‑set back that’s keeping the recovery hot under the collar.
Numbers That Speak for Themselves
- May PMI reading: 46.4 (a lift from 45.4 in April).
- Still below the 50‑point mark that signals growth.
- Output, new orders and exports all keep dropping even as the index nudges higher.
What the Experts Say
Rob Dobson from S&P Global Market Intelligence warns this is no walk in the park:
- Turbulent market conditions.
- Trade uncertainties, courtesy of US tariffs.
- Low client confidence.
- Rising wage costs tied to taxes.
He does point out a glimmer of hope. Over the past two months, the PMI has been inching upwards, suggesting the slump might be easing.
Is It Really a Silver Lining?
While the numbers hint that the downturn could be less painful than the flash estimates suggested, investors remain on a tightrope. Growth will hinge on how these obstacles play out. Stay tuned, because the story’s still unfolding.
