UK manufacturing growth slows
28 August 2012
Activity grew in the British manufacturing sector for the fourteenth successive month in August, although growth slowed on the previous month, according to the latest CIPS/Reuters purchasing managers’ index.
The headline PMI, a composite indicator designed to provide an overall view of manufacturing activity, fell by three points on July’s figure to 53.1.
But this remains comfortably above the critical 50 mark, which means no change on the previous month.
Manufacturing conditions continued to improve in spite of the inflationary pressure of rising oil, metal...