Manufacturing slumps to three-year low ahead of interest rate decision

Britain's manufacturing industry has slumped to its lowest level in more than three years ahead of a key interest rate decision this week as the Brexit vote took its toll on the sector.

The closely-watched Markit/CIPS UK Manufacturing purchasing managers' index fell to levels last seen in February 2013 as it hit 48.2 in July, down from 52.4 in June and below economists' expectations of 49.1.

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Last modified onTuesday, 02 August 2016 01:34