This morning’s Purchasing Manager’s Index saw the health of British manufacturing nosedive during July, as production fell at the fastest pace since March 2009.
There has been a substantial decline in output and new orders in the manufacturing sector during July, according to data released by financial services firm Markit and the Chartered Institute of Purchasing & Supply (CIPS). Rob Dobson, senior economist at Markit, said: “Companies scaled back output to the greatest extent since March 2009, as underlying…
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