Cara Haffey, Leader of Industry for Industrials and Services at PwC UK said:
“The month’s PMI figure (49.7) shows that output has risen for the first time in a year and is at a 12-month high, providing a much-needed boost of energy for the sector. However, persistent challenges remain, with weak domestic and international demand and ongoing contractions in new orders.
“It’s positive to see that business optimism has climbed to an eight-month high, but there are still lingering concerns over fiscal policies, geopolitical tensions, and the impact of tariffs. While the uptick in PMI is encouraging, sustained recovery will depend on overcoming these headwinds - the Chancellor’s Autumn Budget announcement later this month will be vital to ensure continued recovery of the sector”.
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