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

A gauge of British manufacturers’ cost pressures jumped in April and delivery delays were the most widespread since mid-2022 due to the ​standoff in the Strait of Hormuz, according to a survey that underscored ‌the impact of the Iran war. S&P Global’s UK Manufacturing Purchasing Managers’ Index rose to 53.7 in April from 51.0 in […]