UK manufacturing sector continues to struggle

29 August 2012
The UK manufacturing industry experienced a decline in new orders, employment and stocks in July, according to the latest purchasing managers’ index (PMI) report.

The overall PMI - a composite indicator of sector conditions from CIPS and NTC Research in which 50 indicates no change on the previous month - registered 49.2 in July, a slight drop from the 49.6 it registered in June, which was an improvement on May.

The report says: “After recovering slightly in June, the level of incoming new orders declined for the third...

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