Mumbai, July 1 -- The UK manufacturing sector remained in expansion, although growth showed signs of moderating as demand softened despite stronger production.
The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index (PMI) eased to 52.5 from 53.9, remaining above the 50.0 growth threshold. Output strengthened to a 21-month high, supported by higher production and customer stockpiling, while new orders continued to expand at a slower pace.
Export demand also remained positive but grew at its weakest pace during the current expansion. Stronger demand from mainland China, the European Union and the United States was partly offset by weaker opportunities in the Middle East due to the ongoing conflict.
Business confidenc...