
UK manufacturing costs explode to 4-year high as Hormuz closure chokes supply

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UK manufacturing costs have surged to a four-year high, with the S&P Global Manufacturing Purchasing Managers’ Index rising to 53.7 in April from 51.0 in March. This increase is attributed to widespread delivery delays caused by the standoff in the Strait of Hormuz, reflecting the significant impact of the ongoing Iran war on British manufacturers.

