Belfast Telegraph

Thursday 21 August 2014

Monthly index shows another output decline

Hopes of an imminent rebound in have been dashed as the crisis in the UK's largest export market continued.

The latest Markit/CIPS purchasing managers' index (PMI) produced a headline reading of 48.4 for September, below 50 that separates expansion from contraction and down on the improved 49.6 a month earlier.

Markit economist Chris Williamson said the findings were consistent with output falling at a quarterly rate of more than 1% in September. He said: "At that pace, the sector could dampen economic growth severely and keep the economy in recession."

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