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UK August final manufacturing PMI 43.0 vs 42.5 prelim
Prior 45.3The headline reading is a 39-month low as UK manufacturing activity takes a big hit in August. Factory orders are seen tumbling in the face of higher rates with demand also being hit by weaker domestic and export conditions. S&P Global notes that:“August saw a further deepening of the UK manufacturing downturn. The PMI sank to a 39-month low as output and new orders contracted at rates rarely seen outside of major periods of economic stress such as the global financial crisis of 2008/0...
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Posted: Sep 1 2023, 08:33
Author Name: forexlive
Views: 111683