PwC comments on the S&P Global UK Manufacturing PMI – January 2026

Cara Haffey, Leader of Industry for Industrials and Services at PwC UK, said:

“The UK manufacturing sector has entered 2026 on a high, with the UK Manufacturing PMI reaching a 17-month high of 51.8 in January. Following three consecutive months of growth, the sector is building on its energy, optimism and confidence. 

“Positively, new export orders have increased for the first time in four years, with heightened activity from Europe, the US, and China and other emerging markets. It’s reassuring to see business optimism starting to recover, reflecting a hopeful outlook despite ongoing geopolitical tensions and economic uncertainties. 

“The manufacturing sector appears resilient, facing headwinds with renewed confidence and a focus on future growth opportunities. A key finding from PwC’s Executive survey with Make UK showed 65% of manufacturers believe the opportunities will outweigh the risks in 2026. The sector has started the year off strong, pressures such as employment levels, supply chain resilience and costs, will require business leaders to remain agile, innovative and focus on growth plans.”