英国制造业PMI最终为45.4，成本上升，需求下降。随着产量、新订单和出口的进一步下降，该行业正面临越来越多的挑战。商业信心也降至2022年底以来的最低水平，反映出对全球贸易中断和投入成本上升的日益不安。

UK PMI manufacturing finalized at 45.4, rising costs, declining demand.The sector is facing mounting challenges as output, new orders, and exports all declined further. Business confidence also fell to its lowest level since late 2022, reflecting growing unease over global trade disruptions and rising input costs.

标准普尔2025年4月全球英国制造业采购经理人指数上调至45.4，高于初步读数44.0，略高于3月17个月低点44.9。尽管上调，该指数仍牢牢处于收缩区间，反映出该行业的急剧下滑。由于经济和贸易的不确定性日益增加，制造商因国内和国际市场需求疲软而减产，产量下降。就业人数连续第六个月下降，失业率为近五年来第二高。与此同时，积压的工作以17个月来最快的速度耗尽。在通胀方面，投入成本以2022年12月以来的最快速度上涨，而产出价格通胀加速至26个月高点。商业信心也恶化，乐观情绪降至29个月以来的最低点——只有47%的受访公司预计明年的产量会增加。

The S&P Global UK Manufacturing PMI for April 2025 was revised up to 45.4, above the preliminary reading of 44.0 and slightly higher than March’s 17-month low of 44.9. Despite the upward revision, the index remained firmly in contraction territory, reflecting a sharp downturn in the sector. Output declined as manufacturers scaled back production in response to weakening demand from both domestic and international markets, amid mounting economic and trade uncertainty. Employment fell for the sixth consecutive month, with the pace of job losses marking the second-steepest in nearly five years. Meanwhile, backlogs of work were depleted at the fastest rate in 17 months. On the inflation front, input costs rose at their fastest pace since December 2022, while output price inflation accelerated to a 26-month high. Business confidence also deteriorated, with optimism falling to a 29-month low—only 47% of surveyed firms expected output to increase over the next year.

2025年3月，英国个人净消费信贷借款为9亿英镑，为去年6月以来的最低水平，低于2月份修订后的13亿英镑，也低于市场预测的12亿英镑。其中，3月份通过信用卡的净借款降至2亿英镑，为2024年4月以来的最低水平（2亿英镑）。3月份，通过其他形式的消费信贷（如汽车经销商融资和个人贷款）的净借款保持不变，为6亿英镑。所有消费信贷的年增长率从2月份的6.4%降至3月份的6.1%。同期，信用卡借贷年增长率从8.9%降至8.4%，其他形式消费信贷年增长率由5.3%小幅降至5.2%。

Net consumer credit borrowing by individuals in the United Kingdom was £0.9 billion in March 2025, the lowest level since last June, down from the revised £1.3 billion in February and missing market forecasts of £1.2 billion. Within this, net borrowing through credit cards decreased to £0.2 billion in March, the lowest since April 2024 (£0.2 billion). Net borrowing through other forms of consumer credit, such as car dealership finance and personal loans, remained unchanged at £0.6 billion in March. The annual growth rate for all consumer credit decreased to 6.1% in March from 6.4% in February. Over the same period, the annual growth rate for credit card borrowing dropped to 8.4% from 8.9%, and the annual growth rate for other forms of consumer credit slightly decreased to 5.2% from 5.3%.

3月份，英国个人抵押贷款净借款激增97亿英镑，达到129.6亿英镑，远高于2月份的33亿英镑，也远高于市场预期的38亿英镑。这标志着自2021年6月以来的最高水平，这是由于抵押贷款利率下降、实际工资上涨以及在4月印花税调整之前急于完成购买。3月份，净抵押贷款的年增长率从1.9%上升到2.7%，为2023年3月以来的最高水平（2.7%）。3月份贷款总额从2月份的249亿英镑大幅增至399亿英镑，为2021年6月以来的最高水平（424亿英镑）。3月份的还款总额也从198亿英镑增加到237亿英镑，为2022年10月以来的最高水平（259亿英镑）。

Net mortgage borrowing by individuals in the UK surged by £9.7 billion to £12.96 billion in March, sharply up from £3.3 billion in February and well above market expectations of £3.8 billion. This marked the highest level since June 2021, driven by lower mortgage rates, rising real wages, and a rush to finalize purchases ahead of April’s Stamp Duty changes. The annual growth rate for net mortgage lending rose from 1.9% to 2.7% in March, the highest since March 2023 (2.7%). Gross lending increased significantly to £39.9 billion in March, from £24.9 billion in February, and was the highest since June 2021 (£42.4 billion). Gross repayments also increased in March, to £23.7 billion from £19.8 billion, the highest level of repayments since October 2022 (£25.9 billion).