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The manufacturing PMI in November increased to 47.2, up from 44.8 in October, with the three-month upward trend showing stabilisation, which could be the light at the end of the tunnel the industry has been waiting for. ....
Commenting on the latest CIPS UK Manufacturing Purchasing Managers’ Index which has continued the downward trend, falling to a seven-month low of 45.3 in July, Rachel Milloy, senior analyst in manufacturing at RSM UK, said: “The manufacturing PMI in July decreased to 45.3, with sharp falls in the quantity of purchases and stocks of finished goods indices to 39.4 and 49.2 both clear signs that demand remains slow. ....