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UK manufacturing expansion slows in August

2 September 2010
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UK manufacturing expansion slows in AugustThe rate at which the UK's manufacturing industry is expanding slowed during August this year.

According to a new report, the purchasing managers' index dipped from 56.9 the previous month to 54.3, with any number above 50 indicative of growing activity.

The figures from Markit and the CIPS show that the industry is continuing to see increasing activity and output as the UK recovers from recession, with the sector boosted by strong expert growth in recent months.

However, growth is anticipated to continue to slow as proposed cuts to public sector spending planned by the coalition government affect the market and the UK's economic expansion.

Operations management professionals are advised that Caxton FX has noted the latest index is considerably below analysts' expectations and slower growth is predicted during the latter half of 2010.

The company pointed to the impact of the data on sterling, as it pushed down the value of the pound against the euro.ADNFCR-3058-ID-800049828-ADNFCR
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