UK manufacturing costs explode to 4-year high as Hormuz closure chokes supply
MSN·- In April, British manufacturers experienced increased cost pressures and widespread delivery delays linked to the ongoing conflict in the Strait of Hormuz. - The S&P Global UK Manufacturing Purchasing Managers' Index rose to 53.7 in April, an increase from 51.0 in March, indicating improved manufacturing conditions. - This rise reflects the significant impact of the Iran war on international shipping and manufacturing operations.UK public inflation expectations fell in April: survey
Businesstimes News·- In April, short-term and long-term inflation expectations among Britons unexpectedly declined, according to a YouGov survey for Citibank. - Short-term expectations fell from 5.4% in March to 5%, while long-term expectations decreased from 4.5% to 4.2%. - The report suggests that these figures do not provide a strong basis for a more hawkish policy from the Bank of England, as inflation expectations may stabilize with a more orderly recovery in energy markets.