Fall-out could trigger UK downturn_2
19 July 2012
Last week's terrorist attacks in the US could plunge the UK manufacturing sector into a prolonged recession, an industry analyst has warned.
The sector contracted for the sixth consecutive month in August, according to the CIPS purchasing managers' index. The manufacturing index fell from 47 to 46.4, further below the 50 mark that indicates no change, pushing the sector into recession for the month for the first time since early 1999.
A spokesman for NTC Research, which compiles the index, said that...