The manufacturing industry’s recovery slowed in September, according to the CIPS/Markit Purchasing Managing Index, which fell to 53.4 from 54.3 in August.
Although anything above 50 constitutes growth, September’s PMI intonates the slowest rate of expansion for 10 months. The figure takes into account new orders, output, employment, supplier performance and stocks of purchases. Production rose, but at a more subdued rate than has been the habit over the last sixteen months of growth. The level of…
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