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UK manufacturing decline slows in May, still impacted by taxes and tariffs

Published 02/06/2025, 10:06
UK manufacturing decline slows in May, still impacted by taxes and tariffs

Investing.com -- British manufacturing experienced a less severe downturn in May than initially anticipated, according to a survey released on Monday.

Even so, output, orders, and employment continued to decrease, with companies attributing these declines to recent tax increases and U.S. tariffs.

The survey, which presented the final reading of the S&P Global UK manufacturing Purchasing Managers’ Index (PMI), showed a slight improvement in factory activity.

The PMI for May stood at 46.4, compared to 45.4 in April. This index measures the level of activity among factories, with a reading below 50 indicating contraction.

Despite the slight improvement in the PMI, manufacturing companies continued to face challenges.

The survey indicated that output, orders, and jobs were still on the decline.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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