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UK's Manufacturing PMI Declines Less Than Expected |
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European Economy |
Written by CEP News |
May 01 08 12:33 GMT |
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(CEP News) - According to NTC Research and the Royal Bank of Scotland, the UK's manufacturing sector continues to tread water, with the purchasing managers' index falling to 51.0 from March's 51.3. Economists had been expecting a reading of 50.8.
The new orders index pulled back slightly to a level of 49.5 from March's reading of 49.7 while the output index fell to 50.9 from 52.1. The employment index was unchanged at 50.8. Output prices rose to 61.9 from 60.6 while input price increased to 78.5 from 76.7. By Erik Kevin Franco,
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, edited by Nancy Girgis,
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