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01 May
13:21

UK manufacturing activity slumps as expected in April

UK manufacturing activity slumped to a record-low in April according to the latest survey by IHS Markit/CIPS monitored by Kallanish. Business sentiment remains close to record lows and supplier lead times have lengthened to a series record, Markit/CIPS says. The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) fell to a record low of 32.6 in April, down from 47.8 in March. The fall in the Manufacturing PMI (which is a composite of five in…
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