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British manufacturing shows improvement in June despite ongoing slump

Published 01/07/2025, 10:02
British manufacturing shows improvement in June despite ongoing slump
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Investing.com -- Britain’s manufacturing sector showed signs of improvement in June, marking the third consecutive month of progress despite remaining in contraction territory, according to a survey released Tuesday.

The S&P Global/CIPS manufacturing Purchasing Managers’ Index (PMI) rose to 47.7 in June from 46.4 in May.

Despite the improvement, the manufacturing sector remained below the 50.0 threshold that separates growth from contraction for the ninth consecutive month.

The survey also revealed that businesses increased their prices in June to help offset rising labor costs.

This gradual improvement suggests the manufacturing sector may be starting to turn a corner after an extended period of decline, though it has not yet returned to growth.

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