UK November Manufacturing PMI Preliminary 46.2... Exceeds Forecast

[Asia Economy Reporter Hwang Seoyul] The preliminary Purchasing Managers' Index (PMI) for the UK manufacturing sector in November was recorded at 46.2 on the 23rd (local time).

This is 0.5 points higher than the forecast of 45.7 and the same level as the previous figure of 46.2, but since the index remains below 50, it indicates that the economy is still in a contraction phase.

A PMI above 50 signifies expansion in manufacturing, while below 50 indicates contraction.