It wasn’t just China’s manufacturing sector that slowed in August; the UK’s PMI data released Tuesday also shows a weaker industry
It wasn’t just China’s manufacturing sector that slowed in August; the UK’s PMI data released Tuesday also shows a weaker industry. The figure still shows growth at 51.5 (down from 51.9 in July) but analyst firm Markit says it’s well below the index average for the past two and a half years. The strength of the pound is one key element that is hitting the country’s exports.
