FOREX TradingCharts.com

Financial News: UK Manufacturing Downturn Deepens In December

UK Manufacturing Downturn Deepens In December

01/03/2023 - 05:42:00 (RTTNews)

(RTTNews) - The UK manufacturing downturn deepened in December as output, new orders and employment declined at faster rates, a private survey showed on Tuesday.

The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index fell to a 31-month low of 45.3 in December from 46.5 in November. The index has remained below the neutral 50.0 mark for five successive months. Nonetheless, the score was above the flash estimate of 44.7.

Output, new orders, employment and stocks of purchases all fell at accelerated rates. On price front, the survey showed that the rates of increase in both output prices and input costs eased further.

"The overarching concerns remain that there is little power in the UK economy's engine of growth for 2023 and manufacturers were painfully aware of this as business expectations remained at historically low levels again," John Glen, chief economist at the CIPS, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2023 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Surplus A$12.237 Billion In December (13 min(s) ago)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story»

Japan Household Spending Sinks 1.3% On Year In December (01 hr(s), 16 min(s) ago)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story»

Australia Interest Rate Decision Due On Tuesday (02 hr(s), 23 min(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

UK Car Registrations Rise 14.7% In January: SMMT (10 hr(s), 54 min(s) ago)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story»

UK Construction Activity Registers Another Downturn (11 hr(s), 59 min(s) ago)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story»

Rise In Eurozone Sentix Investor Confidence Eases Recession Fears (12 hr(s), 31 min(s) ago)
(RTTNews) - Eurozone investor confidence strengthened to hit an 11-month high in February, replaci ...Full Story»

Slovenia Inflation Falls Slightly To 10% (12 hr(s), 37 min(s) ago)
(RTTNews) - Slovenia's consumer price inflation eased marginally at the end of the year, thoug ...Full Story»

Hungarian Retail Sales Fall For First Time In Nearly 2 Years (12 hr(s), 41 min(s) ago)
(RTTNews) - Hungary's retail sales volume declined for the first time in 21 months in December ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Surplus A$12.237 Billion In December

02/06/2023 - 19:40 PM (RTTNews)
(RTTNews) - Australia posted a seasonally adjusted merchandise trade surplus of A$12.237 billion i ...Full Story>>

Japan Household Spending Sinks 1.3% On Year In December

02/06/2023 - 18:37 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down 1.3 percent on year in December, t ...Full Story>>

Australia Interest Rate Decision Due On Tuesday

02/06/2023 - 17:30 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story>>

UK Car Registrations Rise 14.7% In January: SMMT

02/06/2023 - 08:59 AM (RTTNews)
(RTTNews) - UK car registrations increased for the sixth straight month in January on the back of ...Full Story>>

UK Construction Activity Registers Another Downturn

02/06/2023 - 07:54 AM (RTTNews)
(RTTNews) - The UK construction sector posted another contraction in January as rising interest ra ...Full Story>>

Do not sell my personal information

Copyright © 2023. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.