UK manufacturing contraction worsens in Oct as orders fall - PMI

From reuters.com

The downturn in Britain's manufacturing sector worsened in October as companies received fewer orders and costs rose at a faster pace, a survey showed on Thursday, reviving worries about the country's fragile recovery. The CIPS/Markit Purchasing Managers' Index (PMI) for the manufacturing sector fell to 47.5 from a downwardly revised 48.1 in September, dipping further below the 50 mark which separates growth from contraction. The figure is also below economists' forecasts of 48.0 and may throw the debate about the chances of more stimulus from the Bank of England open again. Several economists changed their view ... (full story)