Dip in Manufacturing Activity Sparks Fears for Recovery

The HeraldOctober 02, 2009

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Summary


UK manufacturing activity dipped for a second consecutive month in September, a closely-watched survey revealed yesterday, fuelling worries over whether the economic recovery that appears to be emerging will prove sustainable.

The Chartered Institute of Purchasing and Supply's (CIPS) headline purchasing managers' index (PMI) for manufacturing, a composite measure of activity that includes output, new orders, employment, suppliers' delivery times and stocks of goods purchased, fell from 49.7 in August to 49.5 last month.

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Dip in Manufacturing Activity Sparks Fears for Recovery

It had risen above the level of 50 that separates expansion from contraction in July - the first time it had been ...

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