The performance of the UK manufacturing sector remained subdued in August, as the continued strength of the consumer goods sector was again offset by lacklustre output growth and the ongoing downturn in the capital goods industry, according to the latest Markit/CIPS Purchasing Manager’s Index.
The Purchasing Manager’s Index (PMI) dipped slightly to 51.5 in August – from 51.9 in July and well below the average for the current near two-and-a-half year sequence of expansion (54.2). The data reveals that August saw a modest increase in manufacturing production, as companies scaled up output in response to rising levels of new…
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