Core Viewpoint - The UK manufacturing sector shows signs of recovery, with the PMI rising to 50.6 in December 2025, marking the highest level in 15 months and indicating sustained expansion above the neutral level of 50 for two consecutive months [1] Group 1: Manufacturing Performance - The UK manufacturing output has increased for the third consecutive month in December 2025, with a slight rebound in new orders, and indicators for exports and hiring have stabilized after previous weakness [1] - The positive changes in the manufacturing sector are attributed to short-term factors, including the UK Chancellor's budget announcement in late November 2025, which delayed most tax increases and reduced market uncertainty [1] Group 2: Challenges and Future Outlook - Despite the recovery, the foundation of the UK's manufacturing growth remains fragile, as the increase in December was partly driven by inventory accumulation and backlog order clearance rather than sustained improvement in end-demand [1] - The Director of S&P Global Market Intelligence noted that the Bank of England's interest rate cuts in December 2025 could further boost demand, but the early 2026 period will be critical to observe whether manufacturing growth can shift to a demand-driven sustainable model after the short-term stimulus factors fade [1]
英国制造业呈现持续复苏态势
Zhong Guo Xin Wen Wang·2026-01-02 22:12