英国央行贝利强调劳动力疲软和投资犹豫。

BoE's Bailey highlights labor weakness and investment hesitation.

英国制造业采购经理人指数最终收于47.7，改善前景仍然脆弱。

UK PMI manufacturing finalized at 47.7, improving outlook still fragile.

标准普尔全球英国制造业采购经理人指数从上个月的46.4升至2025年6月的47.7，与初步估计一致，高于最初市场预期的46.6。这一结果反映了英国制造业活动自1月以来最温和的收缩，与类似调查中的欧洲同行一致，后者的商品生产部门正在逐步复苏。新订单在当前九个月的序列中下降幅度最小，迫使产量水平下降，因为公司报告称，由于经济政策、地缘政治背景和关税的不确定性，市场状况疲软。外国客户的新订单也有所下降，尤其是在美国、欧洲和中国。因此，连续第八个月裁员。在价格方面，由于运输和劳动力成本上升，投入成本连续第18个月上涨，部分成本通过产出费用的增加转嫁给了客户。

The S&P Global UK Manufacturing PMI rose to 47.7 in June of 2025 from 46.4 in the previous month, in line with the flash estimate and above the initial market expectations of 46.6. The result reflected the softest contraction in British manufacturing activity since January, in line with European counterparts in similar surveys, whose goods-producing sectors are undergoing gradual recoveries. New orders fell the least in the current nine-month sequence, pressuring output levels to scale down as companies reported weak market conditions due to uncertain economic policy, geopolitical backdrops, and tariffs. Lower new orders were also observed from foreign clients, particularly in the US, Europe, and China. Consequently, jobs were cut for the eighth consecutive month. On the price front, input costs rose for the 18th straight month amid higher shipping and labor costs, which were partly passed to clients through increases in output charges.

英国6月最终制造业采购经理人指数为47.7，而前期为47.7。“尽管英国制造业在6月份持续低迷，但最新的PMI调查提供了情况趋于稳定的迹象。生产、新订单和就业都以较慢的速度下降，而商业乐观情绪回升至四个月高点。

UK June final manufacturing PMI 47.7 vs 47.7 prelim.“Although the downturn in UK manufacturing continued in June, the latest PMI survey provides signs of conditions stabilising. Production, new orders and employment all fell at slower rates, while business optimism picked up to a four-month high.