FRANKFURT (MarketWatch)
Britain's manufacturing downturn deepened in
September, with the Markit/CIPS purchasing-managers' index for the sector
falling to 48.4 from 49.6 in August, data showed Monday Economists had forecast
a reading of 48.5
A figure below 50 indicates a contraction in activity
"The
survey data are consistent with manufacturing output falling sharply, at a
quarterly rate in excess of 1% in September
At that pace, the sector could
dampen economic growth severely and keep the economy in recession," said Chris
Williamson, chief economist at Markit
Welcome
Billie, 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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