LONDON: British manufacturers reported some of the weakest conditions ever in January when they cut jobs at a record pace, monthly purchasing managers index data showed on Monday.
The headline number rose to 35.8 in January from December’s 34.9 – slightly better than the return to November’s record low of 34.5 forecast by economists but still the third-weakest reading in the series’s 17-year history.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!