U.K. April manufacturing PMI falls to 50.5

FRANKFURT (MarketWatch)
Manufacturing activity in Britain expanded at a slower pace in April, according to a survey of purchasing managers released on Tuesday
The Markit/CIPS manufacturing purchasing managers index fell to 50.5 in April from 51.9 in March
A reading of more than 50 indicates an expansion in activity
Economists surveyed by Dow Jones Newswires had forecast a reading of 52.0.