UK manufacturing PMI fell to 51.9 in July from 52.5 in June, marking a ninth consecutive month of expansion but the weakest pace in four months; the preliminary July reading was 52.8. S&P Global said the month-on-month decline reflected a sharp reduction in purchases and inventories, slower employment growth and a sharp deceleration in the pace of increases in supplier delivery times. The PMI output index rose to 52.9 from 52.6 — the broadest output expansion since September 2024 — but below the

UK manufacturing PMI fell to 51.9 in July from 52.5 in June, marking a ninth consecutive month of expansion but the weakest pace in four months; the preliminary July reading was 52.8. S&P Global said the month-on-month decline reflected a sharp reduction in purchases and inventories, slower employment growth and a sharp deceleration in the pace of increases in supplier delivery times. The PMI output index rose to 52.9 from 52.6 — the broadest output expansion since September 2024 — but below the preliminary 53.6. Data suggested a renewed impact from developments in Iran.