The UK manufacturing Purchasing Managers' Index for July was revised down to 51.9, from the flash estimate of 52.8, and below June's 52.5. S&P Global said significant declines in purchasing inventories, slower employment growth, and easing delivery delays contributed to the month-on-month drop in the PMI. The output index rose to 52.9 from 52.6, the fastest expansion since September 2024, but fell short of the flash reading of 53.6. During the latter part of the data collection period, the breakdown of the US-Iran ceasefire and a maritime blockade declaration against Saudi Arabia by Yemen's Iran-backed Houthi rebels pushed crude oil prices above 100 dollars a barrel, with the worsening Middle East situation weighing on business sentiment. Input cost inflation was the smallest since February, and employment levels stagnated. Small manufacturers reported a modest decline in output, while medium and large manufacturers reported expansion.