UK January final manufacturing PMI 47.0 vs 47.3 prelim ...Middle East

Prior 46.2Output declined for an eleventh straight month, with the drop in January not much changed to that in December. New orders also declined while employment conditions also weakened, so that isn't too pretty despite an easing in the downturn to start the year. S&P Global notes that:“The downturn in UK manufacturing continued at the start of 2024, with output, new orders and employment all reduced in January. The contraction was widespread, with declines in all three variables seen across the consumer, intermediate and investment goods sub-industries. The ongoing weakness is leading to an increasingly costcautious approach at manufacturers, compelling cutbacks in purchasing and stock ho

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