"In this global economic environment, manufacturers look certain to struggle and the sector is unlikely to act as a driver of economic growth"
- Chris Williamson , Markit Chief Economist
Britain's manufacturing downturn worsened last month, fuelling fears that the U.K. economy is deteriorating after a brief rebound, data by Markit showed Monday. The U.K. PMI Manufacturing contraction accelerated in September to 48.4 points, down from 49.5 points in August, a reading below analysts' expectations of a decline to 49.3 points.
"Overseas sales continue to be hit by the ongoing deterioration in global economic growth, with the euro zone -- the U.K.'s largest export market -- at the epicentre of the weakness," Markit Chief Economist Chris Williamson said.
"In this global economic environment, manufacturers look certain to struggle and the sector is unlikely to act as a driver of economic growth."
The FTSE 100 Index rose 1.37 per cent to 5,820.45. The broader FTSE All-Share Index climbed 1.32 per cent to 3,038.34.
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