CIPS/Markit Survey Reveals Six-Month Surge for UK Economy

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.

The Guardian

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