UK Manufacturing PMI Falls to 6-month Low

Rob Dobson, head of global market intelligence at S&P: UK manufacturing continued to report recession in June. The headline PMI fell to a six-month low, with output, new orders and employment all falling further.
Producers have been hit by weak domestic and export market conditions, with customers more reluctant to commit to spending due to market uncertainty, increased competition and rising costs.
It also weighed on business optimism and raised concerns among some manufacturers that customer spending could shift to lower-cost competitors and markets.