August UK factory growth slips


LONDON: A two-year spell of jobs growth across British factories came to an end last month as manufacturing activity expanded at a slower pace, a survey showed, suggesting the sector is unlikely to boost economic growth much this quarter.

The Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) fell in August to 51.5 from 51.9 in July, confounding expectations for a rise to 52.

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