Prior 53.9
Key findings:
UK manufacturing output rises at fastest rate since September 2024 Output growth accelerates New orders rise at slower pace
Comment:
Rob Dobson, Director at S&P Global Market Intelligence:
“The UK manufacturing sector ended the second quarter of the year on a positive note, with output expanding at the fastest pace since September 2024.
“Sustaining the upturn is becoming a bigger concern. Manufacturers are currently benefiting from client strategic stockpiling, as they safeguard against supply chain disruptions and expected price rises. A drop in the rate of growth of new work intakes suggests this boost is already starting to fade.
“Manufacturers’ optimism about the year ahead also remains tepid, with many concerned about geopolitical tensions and uncertain over the future course of government policy.
“There was mixed news on the prices front. Although input cost inflation remained elevated as severely strained supply chains led to raw material shortages and higher vendor charges, the recent drop in energy prices has helped reduce the overall rate of inflation, leading to a similarly welcome slowing in the rate of increase of factory selling prices.”
This article was written by Giuseppe Dellamotta at investinglive.com.