'No sign of recovery' from slump in manufacturing demand

Analysts said the situation in Britain was proving challenging for factories as difficulties abroad were made worse by the prospect of increased staffing costs in the Labour Party’s first budget

The index suggested that Brexit border checks continue to hit exports, while Rachel Reeves’s first budget as British chancellor may have undermined investment intentions. Picture: PA

Europe’s manufacturers suffered a slump in demand last month with “no sign of a recovery”, as British factory owners also reported a slowdown in orders.

Manufacturers across the eurozone reported a decline in demand for their goods in November, with France, Germany, and Austria especially hard hit, according to the S&P Global purchasing managers’ index (PMI).