U.K. manufacturing PMI slides in October

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Source: RTTNews
© Scanpix/Reuters
British factory activity decreased for a sixth consecutive month in October, Markit Economics said on Thursday. The seasonalized CIPS Purchasing Manager's Index dropped to the three-month lowest level of 47.5, after a downwardly revised reading of 48.1 in September. Economists had forecast a smaller decline to 48.

Production volumes slipped for a fourth month, with the rate of decrease the second-fastest during the last 3.5 years. Overall new orders tumbled for the seventh consecutive month, with new export orders falling sharply due to the ongoing economic slowdown in mainland Europe. Jobless rate in manufacturing sector rose in October. 
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Thu, 01 Nov 2012 12:54:22 GMT

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