LONDON (MarketWatch)
British manufacturing activity in June grew at its slowest pace in 21 months, with new orders declining for the second month in a row, the Markit/CIPS purchasing managers index for the sector showed Friday.
The index fell to 51.3 from a revised 52.0 in May.
Economists had forecast a reading of 52.5.
"With strong headwinds already in place and austerity measures likely to put increasingly counteractive pressure on domestic and consumer demand, it looks as if manufacturing has entered a slower growth phase which could be with us for some time," said Rob Dobson, senior economist at Markit.
Welcome
José Ruiz Varela, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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