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01 Mar
14:25

UK manufacturing slips back towards zero growth

February saw the rate of expansion in the UK manufacturing sector slow back towards the stagnation mark, according to the latest Chartered Institute of Purchasing (CIPS)/Markit survey.  Output growth eased sharply, as levels of incoming new business showed little movement on one month earlier, Kallanish notes. At 50.8 in February, down from 52.9 in January, the seasonally adjusted Markit/CIPS purchasing manager’s index (PMI) posted its lowest reading …
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