The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 47.3 from 52.1 in July although the final reading was less weak than a “flash” estimate of 46.0.
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UK factories suffer worst month since May 2020 as economy stumbles – PMI
British manufacturing output and new orders fell by the most in more than two years in August in the face of deepening uncertainty about surging inflation and the risk of recession at home and abroad, a survey showed on Thursday.
