Alarm as manufacturing shrinks at fastest rate for three years
2nd August 2012
MANUFACTURING shrank at its fastest rate for three years in July and there are fears even the robust automotive sector may not be able to halt the slowdown.Latest PMI figures show the sector fell to 45.4 last month (June: 48.4) to reach its lowest level since May 2009. The index has to reach 50 before any growth is evident.On the back of gloomy GDP figures and continuing concerns about the health of the Eurozone, the second half looks like being a very difficult six months for the UK economy.Concerns have also been raised about the......for the full story register now for free or login below...
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