British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling foreign demand, according to a closely watched survey released on Monday.
The S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 48.4 from August’s 27-month low of 47.3 but remained below the 50-level that separates growth from contraction and was a fraction weaker than the initial ‘flash’ estimate of 48.5.
“September saw new export business contract at the quickest pace since May 2020, with reports of lower demand from the U.S., the EU and China,” S&P Global said.
The National Manufacturing Institute Scotland (NMIS), one of the UK’s fastest growing manufacturing research and development organisations, is today welcoming its first group of official members from around the global manufacturing, engineering and technology sectors.
The NMIS Group, based at the heart of the Advanced Manufacturing Innovation District Scotland (AMIDS) in Renfrewshire has attracted investment, commitment and support from US tech trailblazer, Infor; oil and gas giant Baker Hughes along with seven other major manufacturing related firms: Fanuc, ATS Global, Sandvik, Skyreal, Hybrid Manufacturing Technologies, Beckhoff and Nikken.
The companies are the first to sign-up to the NMIS membership programme which will see them work together to innovate, access world leading expertise and technical capability and form a supportive network to ultimately tackle the global manufacturing challenges of tomorrow.