European Economic News

UK Manufacturing Activity Remains In Deep Contraction Zone

The UK manufacturing activity continued to contract in October with downturns in production and new orders curtailing job creation and economic uncertainty and the cost of living crisis pushed sentiment to a 10-month low, final survey results from S&P Global revealed on Wednesday.

The Chartered Institute of Procurement & Supply final manufacturing Purchasing Managers' Index, or PMI rose to 44.8 in October.

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by Renju Jaya

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