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Indonesia News Portal for Traders | Financial & Business Updates

23 June 2025 16:10  |

UK Manufacturing Sector Contracts Less than Expected

The S&P Global UK Manufacturing PMI rose to 47.7 in June 2025 from 46.4 in May, surpassing market expectations of 46.6, indicating the slowest pace of contraction in five months.

Despite the improvement, the sector continued to face headwinds, with manufacturers reporting another decline in export orders. This was largely driven by the impact of US tariffs, heightened geopolitical uncertainty, and strong global price competition.

Output fell solidly during June, while total new work from abroad dropped for the eighth straight month. However, the rate of decline in export sales eased to the slowest in five months, suggesting some stabilization.

Firms cited reduced overseas demand due to tariffs and uncertainty, while others noted pressure from lower-cost competitors.

Source: Trading Economics

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