Business | Business News The UK’s manufacturing downturn deepened further at the end of the year and business confidence sank to a 12 month-low, according to a new survey. The S&P Global/CIPS UK manufacturing PMI survey fell from 47.2 in November to 46.2 in December. The score remains below the 50.0 threshold, which indicates that the sector is contracting. It marks the 17th month in a row that activity has declined as factories grapple with a prolonged dip in demand at home and abroad. Manufacturing firms, which includes carmakers, engineers and chemicals firms, said they produced less last month as a result of fewer orders from…
