UK factories return to growth, prices rise by most in a year, PMI shows

Explore stories from Atlantic Canada.

LONDON - British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the Bank of England's caution about cutting interest rates.

Levels of output and new orders both rose at the quickest pace since early 2022 and the recovery was broad-based. The share of manufacturers forecasting higher output one year from now rose to 63% as sentiment reached its highest since July 2022, but some were worried about political uncertainty at home and abroad. Britain holds a national election on July 4.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In Albania, two women take on a nation with a rooftop weddingExplore stories from Atlantic Canada.
Read more »

Georgian parliamentary speaker signs 'foreign agents' bill into lawExplore stories from Atlantic Canada.
Read more »

El Nino weather pattern likely to swing back to La Nina this year: UN weather agencyExplore stories from Atlantic Canada.
Read more »

In Albania, two women take on a nation with a rooftop weddingExplore stories from Atlantic Canada.
Read more »

Georgian parliamentary speaker signs 'foreign agents' bill into lawExplore stories from Atlantic Canada.
Read more »

El Nino weather pattern likely to swing back to La Nina this year: UN weather agencyExplore stories from Atlantic Canada.
Read more »