Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.
2 in October. Despite the slight rise, the survey remained far below the 50 point threshold that separates growth and contraction, meaning the UK’s manufacturing has now shrunk for several months in a row. Businesses are…Britain’s Industrial Sector Slammed By ‘Lethal Cocktail’ Of Constraints
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