Manufacturing activity plunges to 31-month low as Britain faces recession
The closely-watched manufacturing PMI reading was the lowest in December for 31 months, since the depths of the Covid crisis.
Stay updated with breaking news from Rob Dobson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The closely-watched manufacturing PMI reading was the lowest in December for 31 months, since the depths of the Covid crisis.
LONDON, Jan 3 — British manufacturers reported one of their sharpest falls in activity since the 2008-09 recession last month, as new orders fell sharply and companies cut...
Brexit has been cited by businesses after the UK recorded its worst month in over two and a half years.
LONDON (dpa-AFX) - UK manufacturing contraction worsened in December as output, new orders, and employment declined at faster rates due to subdued demand conditions both domestically and internationally
Firms blamed weak new business, supply chain disruption and shortages.