Output holds firm as manufacturing growth loses pace
28 August 2012
September's growth in the UK manufacturing economy was the slowest for more than a year, according to this month's purchasing managers' index (PMI).
The PMI - a composite indicator of economic activity from CIPS and NTC Research, where 50 means no change on the previous month - fell to 52.2, its lowest reading since June 2003, from a revised level of 52.8 in August.
However, the latest fall was marginal, suggesting a largely unchanged level of growth on the month before. Output, at 53.2, was only 0.1 lower...