UK S&P Mfg PMI Final || 47 (Forecast 46.7, Previous 46.7)

UK S&P Mfg PMI Final || 47 (Forecast 46.7, Previous 46.7)

Release

Manufacturers see output, new orders and employment contract further at start of 2023

KEY FINDINGS:

• Manufacturing PMI rises to 47.0 in January
• Output and new orders fall across all three product categories
• Input price inflation eases to 27-month low

Reuters

Weak demand from clients at home and abroad plus strong price inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and a shortage of raw materials and staff all weighed on production. Brexit and port problems hurt exports while demand from China was particularly weak, S&P Global said.

However, there were signs that the worst of the inflation surge has passed with cost increases slowing. Pressures on supply chains lessened and optimism rose to its highest level since April 2022.