UK manufacturing suffers shock contraction in February

British manufacturing shrank unexpectedly in February and new orders dwindled, a survey showed on Friday, making it likely the sector will put a drag on economic growth in the first quarter. The Markit/CIPS Manufacturing Purchasing Managers’ Index (PMI) fell to 47.9 from a downwardly revised 50….

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UK manufacturing suffers shock contraction in February – PMI

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