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UK manufacturing industry witnesses decline in activity rates

2 November 2011
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UK manufacturing industry witnesses decline in activity ratesActivity in the UK manufacturing industry dipped further last month, with new orders, employment and output growth all contracting during October.

This is the claim made with regards to the latest Purchasing Managers' Index (PMI) for the sector, which fell to a 28-month low of 47.4 over the period, down from 50.8 in September.

Compiled by Markit and the CIPS, the measure shows a significant dip in new order inflows, but manufacturing management professionals are advised that inflationary pressures are showing some signs of easing.

Commenting on the new figures, Markit senior economist and author of the report Rob Dobson stated: "Companies are facing tough conditions in both domestic and overseas markets, meaning that output is increasingly being sustained through the depletion of backlogs of work."

With regards to the 17 nations of the eurozone, the most recent PMI has revealed there was an acceleration in the rate of decline within the manufacturing sector during October 2011, with the index standing at 47.1 for the month.

All nations within the region with the exception of Ireland saw a contraction over the month from September.ADNFCR-3058-ID-800784348-ADNFCR
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