UK manufacturing activity dropped to a three-month low in October signalling a challenging start to the fourth quarter of this year as new COVID-19 restrictions come into force.
Cips
UK manufacturing activity reached a 30-month high in August as firms across the UK restarted operations after the coronavirus lockdown.
Widespread business shutdowns at home and abroad in response to the coronavirus pandemic has unsurprisingly resulted in a rapid reduction in UK private sector output during April, according to latest IHS Markit/ CIPS Flash UK Composite PMI.
IHS Markit/CIPS Flash UK PMI has signalled a record slump in business activity amid emergency public health measures to halt spread of coronavirus.
Growth of manufacturing output accelerated to a ten-month high in February, according to the latest IHS Markit/CIPS UK Manufacturing PMI.
The most recent IHS Markit/CIPS Purchasing Managers Index has revealed that the British manufacturing industry's job losses have hit the worst level in seven years.