CIPS/Markit’s monthly economic health check shows stagnant manufacturing sector is dependent on UK consumer and could hold back UK economic growthThe strength of the pound is holding back UK exports and keeping factory output at barely above recession levels despite a pick up in activity in the eurozone.The monthly health check from the Chartered Institute of Procurement and Supply/Markit found that buoyant consumer spending helped British industry edge up from a 26-month low hit in June. Related: Greece debt crisis: Athens stock market falls 23% as manufacturing plunges - live Continue reading...
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