Downturn in UK manufacturing sector deepens in May
The downturn in the UK manufacturing sector deepened in May, according to a survey released on Thursday.
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The downturn in the UK manufacturing sector deepened in May, according to a survey released on Thursday.
The closely-watched S&P Global/ CIPS UK Manufacturing PMI survey showed a reading of 47.1 in May, down from 47.8 in April.
Output, new orders and jobs in the sector fell to a four-month low in May, according to closely watched economic data.
London stocks were still firmer by midday on Thursday, after the US House of Representatives overwhelmingly passed the debt ceiling bill agreed last weekend, and as investors mulled encouraging Chinese data.
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