09:30 AM BST, United Kingdom - PMI Data for May:
-
S&P Global Manufacturing PMI: actual 46.4; forecast 45.1; previous 45.4;
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThe UK manufacturing sector remained under pressure in May 2025, with the PMI rising slightly to 46.4 from 45.4, still well below the 50 threshold that indicates growth. Output, new orders, exports, and employment all declined, reflecting weak global demand, continued trade uncertainty, and higher employer costs due to increased National Insurance and minimum wage rates.
Small manufacturers were hit hardest, showing the sharpest declines and weakest confidence levels. Although inflation in input and output prices eased, overall business sentiment remained subdued. Some positive signs emerged, with slower rates of decline in orders and output suggesting a possible stabilisation ahead.
The British pound was one of the best-performing G10 currencies against the US dollar in May, although it traded within a narrow range last week. Despite a slight improvement in the PMI, the UK manufacturing sector remains under pressure, which helps explain the lack of strong momentum in the GBP/USD pair. (Source: xStation)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
