Britain’s bumpy recovery has reasserted itself following a fall in factory output growth during September, according to the latest CIPS/Markit survey.
The manufacturing sector continued to expand, prolonging a six-month period of improvement, but Markit’s index of activity shows output fell back to 56.7 from the previous two-and-a-half year high of 57.1 in August. A figure above 50 indicates expansion.
The main drag on the sector’s growth was a slump in export growth as new orders fell to 52.7 from 54 in August. By contrast, domestic orders powered ahead at 59.3, below August’s 61.5, but higher than July’s 58.3.
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