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03 Jan
18:48

UK manufacturing activity continues to drop

The UK manufacturing sector experienced one of its poorest months in seven-and-a-half years, according to the latest IHS Markit/Chartered Institute of Purchasing and Supply (CIPS) survey monitored by Kallanish. Output, new orders and new export orders fall sharply and job losses were reported for ninth straight month. The headline seasonally-adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) fell to 47.5 in December, the second-weakest level for almos…
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