The downturn in UK manufacturing continued in September, though the latest contraction was the slowest in four months, signaling that the sector is sliding into a recession, monthly survey data showed Tuesday.
The IHS Markit/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index rose unexpectedly to 48.3 in September from August's six-and-a-half year low of 47.4. Economists had forecast the reading to drop to 47.0.
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