August’s slight recovery in PMI performance failed to sustain in September with manufacturing activity dropping to 48.4.
The September figures from the Markit/CIPS Purchasing Managers’ Index survey fell from 49.6 in August. This decline was greater than some economists had expected though contraction had been anticipated. Continued uncertainty in the eurozone was blamed for the inability of manufacturing output to increase, though falling orders from Asia also made an impact. Markit chief…
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