Purchasing activity within the UK’s industrial sector has contracted to its lowest level since February 2013, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI).
The wide reaching effects of the UK’s decision to leave the European Union on June 23 are seen as the primary cause behind July’s score of 48.2 – down from both the earlier flash estimate of 49.1 and the 52.4 in June. According to Markit/CIPS, this is only the second time since early-2013 that the…
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