The UK manufacturing upturn continued at the end of the second quarter. June saw output and new orders both expand for the second successive month, with rates of expansion remaining close to the highs reached in May. There was a modest upswing in cost inflationary pressures, with input prices rising at the quickest pace since January 2023. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMI®) registered 50.9 in June, down slightly from May's 22-month high of 51.2 and below the earlier flash estimate of 51.4. The PMI has posted above the neutral 50.0 mark – signalling expansion – in ... (full story)