UK Manufacturing Hits Two-Year High Amid Easing Inflation

Domestic demand drives growth while export orders continue to decline, highlighting ongoing global trade challenges.

UK manufacturing PMI rose to 52.5 in August, the highest in 26 months.
Growth driven by domestic market, with investment goods sector performing strongly.
Export orders fell for the 31st consecutive month due to weak demand from Europe and China.
Job creation in manufacturing improved, reaching its highest level in over two years.
China's manufacturing saw modest growth, but new export orders declined for the first time in eight months.