UK June final manufacturing PMI 47.7 vs 47.7 prelim | Forexlive

Key details:

• Output, new orders and employment fall further, but at slower rates
• Business optimism at four-month high

Comment:

Rob Dobson, Director at S&P Global Market Intelligence

“Although the downturn in UK manufacturing continued
in June, the latest PMI survey provides signs of conditions
stabilising. Production, new orders and employment all
fell at slower rates, while business optimism picked up to
a four-month high. The orders-to-inventory ratio, a reliable
bellwether of future production trends, also climbed
sharply to its highest since August 2024. Inflation of both
input costs and selling prices meanwhile nudged lower to
hint at a softening inflation trend.

“That said, any hoped for stabilisation remains fragile
and subject to potential headwinds that could severely
impact demand, supply chain reliability and future growth
prospects, as manufacturers continue to caution their
optimism with concerns about heightened geopolitical
tensions, weak global markets, tariff uncertainties and
fears over the direction of future government policy.”