Key facts
- British manufacturing activity slowed in June.
- The S&P Global UK Manufacturing PMI fell to 52.5 in June.
- Stockpiling boosted British manufacturing output in June.
- New orders growth decelerated in the UK manufacturing sector in June.
- Canada's economy rebounded in April.
- Canada's economy grew by 0.5% month-on-month in April.
- Canada's April growth was the largest in nine months.
- Canada's economy contracted by 0.1% in March.
British manufacturing activity experienced a slowdown in June, as indicated by the S&P Global UK Manufacturing PMI, which fell to 52.5. While manufacturing output received a boost due to stockpiling activities, the growth in new orders decelerated. This deceleration suggests that the support derived from stockpiling may be diminishing.
In contrast, Canada's economy demonstrated a robust rebound in April, with a monthly growth rate of 0.5%. This figure, reported by Statistics Canada, represents the largest monthly expansion in nine months. The positive growth in April followed a contraction of 0.1% in March. The stronger-than-expected performance has helped to alleviate concerns about a potential economic slowdown that had been fueled by tariffs.