UK manufacturing grew at its slowest rate in 14 months during August as factory order books declined.
The latest Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) showed a growth marking of 52.5 for last month, its lowest level since June last year and below all forecasts from a revised 54.8. Despite being above the 50-point growth level, the PMI suggested the onus will fall on consumers to keep driving Britain’s economic upturn…
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