A gauge of British manufacturing activity pointed to the sharpest contraction in nine months, as orders from domestic and foreign customers fell and ongoing supply chain disruption pushed up costs.
The S&P Global manufacturing Purchasing Managers’ Index sank to 48.0 in November from 49.9 in October – below an earlier estimate of 48.6 and the 50 level that divides growth from contraction.
S&P cited headwinds from a 25 billion pound