Rising Interest Rates And Inflation Threaten UK Manufacturing

Higher interest rates, strong inflation and pessimistic expectations for growth are weighing down businesses across the UK’s services and manufacturing sectors, according to the latest gloomy report on the country’s flagging economy. This month’s data from the S&P Global’s Composite Purchasing Managers’ Index (PMI) indicates the UK is in the challenging position of historically elevated interest rates amid signs of an economic slowdown. The index surveys businesses in the services and manufacturing sectors –…