An influential survey found that companies were suffering from weak demand, high inflation and shortages of staff and raw materials. The S&P Global/CIPS UK Manufacturing PMI scored 47 in January, up from 45.3 in December. The index score is calculated from a survey that is filled in by companies across the country. If the score is below 50 it is taken to mean that the sector is contracting, and the further below 50 it goes, the worse the contraction is.
This story is from the February 02, 2023 edition of The Independent.
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This story is from the February 02, 2023 edition of The Independent.
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