The ups and downs of manufacturing
Hi Reader,
Every sector faces both challenges and opportunities; manufacturing is no exception.
In today’s Digital Briefing, we bring you the key ups and downs shaping the week.
⬇️ On the first of every month, S&P Global releases the latest PMI figures. This time, the data signalled a sharper drop in exports compared with the previous month, and marked the longest downturn in production volumes in over a decade...
⬆️ But on a brighter note, the UK has secured its largest-ever warship export deal by value. The contract will create 4,000 jobs and support more than 400 businesses nationwide! 👏
Find these stories and more, below.
Molly Cooper, Features Editor, The Manufacturer
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UK Manufacturing PMI: Industry downturn deepens
The UK manufacturing sector remained mired in contraction during August, with weak demand, tariff uncertainties and subdued client confidence weighing heavily on performance.
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The UK has secured its biggest ever warship export deal by value after Norway confirmed it will purchase British-built Type 26 frigates in a £10bn agreement. The deal is expected to pump billions into the UK economy.
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Thank you for reading.
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