British manufacturing expanded at a much weaker pace than expected in December, suggesting its contribution to the economic recovery ebbed further in the final months of 2014.
The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell to 52.5 from 53.3 in November, hitting a three-month low and falling short of all forecasts in a Reuters poll of economists which had predicted a rise to 53.7. The sector ended 2014 on a softer footing, as December saw rates of expansion in production and…
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