The British manufacturing downturn deepened in August and was the steepest in more than three years as output and new orders fell at faster rates amid the weak market conditions both domestically and internationally, survey results from S&P Global revealed Friday.
The Chartered Institute of Procurement & Supply Manufacturing Purchasing Managers' Index, or PMI, dropped to a 39-month low of 43.0 in August from 45.3 in July. The flash estimate was 42.5.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com