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04 Jun
15:24

UK manufacturing activity contracts in May

The UK Manufacturing PMI hit a near three-year low in May according to the latest survey by IHS Markit/Chartered Institute of Purchasing and Supply (CIPS) monitored by Kallanish. New orders and employment both declined whilst stockpiling activity by companies halted following the Brexit date delay, Markit/CIPS says. The UK manufacturing sector showed increased signs of renewed contraction in May, falling to a 34-month low. At 49.4, down sharply from 53.1 in Apri…
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