UK manufacturing activity growth slowed, PMI down to 52.7Staff writer ▼ | December 2, 2015
UK manufacturing activity growth slowed more than expected in November, data from Markit/CIPS showed.
UK Markit/CIPS The decline driven by a drop in average input costs
A reading above 50 signals an expansion in the sector while a level below that indicates a contraction.
The decline was driven by a drop in average input costs and factory gate selling prices. Lower input costs were due to falling global commodity prices.
The report added that the rate of deflation in purchasing costs remained among the fastest seen since the survey began almost 24 years ago. ■