Article 3ETH7 UK manufacturing shows signs of a slowdown

UK manufacturing shows signs of a slowdown

by
Richard Partington
from Economics | The Guardian on (#3ETH7)

Rising raw material costs dent factory resurgence with output down to seven-month low

Britain's manufacturers showed signs of a slowdown at the start of the year amid rising costs for raw materials, sending factory output to a seven-month low.

The Markit/Cips UK manufacturing PMI index showed activity fell to 55.3 last month from 56.2 in December, missing City forecasts of a further acceleration in growth. However, the PMI remained well above its long-run average of 51.7 and above the 50 mark which separates expansion from contraction.

Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments