UK factory activity slows sharply in September - PMI
© Reuters. A general view of the financial district of London is seen in London, Britain, October 19, 2016. REUTERS/Hannah McKay/Files/File PhotoLONDON - British manufacturing activity slowed sharply in September, though less steeply than the month before when it shrank at the fastest rate in more than three years, a survey showed on Monday.
The most recent official data showed British manufacturing output fell 0.8% in July although volumes were 3.0% higher than a year earlier. "Optimism was linked to a hoped-for market recovery, planned growth initiatives and a more stable inflationary environment," S&P said. Manufacturers raised prices for the first time in four months as they sought to rebuild squeezed profit margins, although the increase was small. Input costs fell sharply, especially for metal and energy.
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