Prior 47.7Key findings:Employment falls at faster rateInput cost and selling price inflation hold broadlysteadyComment:Rob Dobson, Director at S&P Global Market Intelligence“The UK manufacturing sector is starting to send sometentatively encouraging signals, with the downturnmoderating in July as factory output came close tostabilising and future output expectations hit the highestsince February.“However, it’s clear that there’s no assured path back tostrong growth. Clients in the home market often remainunwilling to spend due to cost factors such as higherminimum wages and employer NICs, while export marketsare being buffeted by geopolitical stresses and trade andtariff uncertainties.“The biggest concern remains the labour market, withthe rate of job cutting through much of 2025 among thesteepest since the pandemic year of 2020.“With the Autumn budget only a few months away,manufacturers will likely remain cautious and focussedon stabilisation while waiting to see if future budgetannouncements provide much needed support or furtherchallenges to overcome." This article was written by Giuseppe Dellamotta at investinglive.com.