UK manufacturing industry shrinks at fastest rate in 11 months

NAMPA / DPA

2025-01-02

London (PA Media/dpa) - British factory output contracted at the fastest rate in 11 months in December, amid a swathe of job losses, growing concerns about rising business taxes and a worsening global economy. The S&P Global UK manufacturing PMI survey, watched closely by economists, recorded a reading of 47.0 in December, from 48.0 in November. Any reading above 50 indicates activity is growing while any score below means it is contracting. The......

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