UK S&P Global Manufacturing PMI Final (Jan) 51.8 vs. Exp. 51.6 (Prev. 50.6)
Importance
Level 1
- "Rates of output and order book growth accelerated, while new export business rose for the first time in four years, with Europe, China and the US the main recipients."
- "Business confidence, which rose to its highest level since before the 2024 Autumn budget, as manufacturers focused on opportunities lying ahead despite persistent concerns about the geopolitical environment, Government policy and tariff tensions."
- "Cost pressures are creeping higher though, as the pass through of the increased Minimum Wage and employer NI contributions continue to work through the supply chain alongside the rising costs for commodities such as metals.”
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