UK manufacturing PMI hits five-month low
UK factory output growth slowed to a five-month low in August. However, manufacturers hired workers at the fastest pace in over two years amid rising demand.
Insights:
Activity growth in the United Kingdom manufacturing sector slowed to 51.7 in August from 51.9 in July, according to S&P Global data released on Tuesday. The reading marks the weakest expansion since March. Despite the headline slip, factories accelerated hiring to the fastest pace in over two years.
