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11 Sep
09:09

UK manufacturing surges in August after slack July

August saw solid rebounds in the trends in UK manufacturing output and incoming new orders according to the Markit/Chartered Institute of Supply (CIPS) monthly survey monitored by Kallanish. Companies reported solid inflows of new work from both domestic and export sources, the latter aided by the sterling exchange rate. At 53.3 in August, the seasonally adjusted Markit/CIPS Purchasing Managers’ Index (PMI) recovered sharply from the 41-month low of 48.3 p…
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