UK manufacturing ‘suffocating’ as downturn continues – PMI
Sustained revival seen as ‘highly unlikely’ in coming months
Sustained revival seen as ‘highly unlikely’ in coming months
But positive impact on manufacturing survey is ‘likely to be short-lived’
PMI shows factory output rose to 56.9 from a revised 55.3 in July
Output, new orders and new export business all rose at fastest rates in three years
The latest PMI survey suggested this month will probably not be much better as orders fell
Both services and manufacturing sectors in economy contract for the first time in three months
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