Summary
The health of the manufacturing sector continues to deteriorate, experts warned, after it emerged yesterday that factory output had declined for the first time in more than two years.
Economists said the May data from the Chartered Institute of Purchasing and Supply (CIPS) confirmed a sustained industry downturn, which they also believed increased the chances of an interest rate cut this year.See the full content of this document
Extract
Manufacturing Gloom Could Spur Rate Cut
As well as the contraction in manufacturing production, CIPS said its monthly barometer of all activity i...
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