UK factory output growth cools as PMI falls in August
UK manufacturing PMI (S&P Global) eased to 51.7 from 51.9 in July, remaining above the 51.5 flash estimate and above 50.0 for 10 straight months.
The S&P Global manufacturing purchasing managers’ index declined to 51.7 from 51.9 in July but was above the flash estimate of 51.5.
The index has now registered above the 50.0 mark that separates contraction from expansion for 10 months in a row.The survey also showed that employment rose for the…