Manufacturing slowing down faster!

Story link: Manufacturing slowing down faster!

Although many believe manufacturing to be doomed in the UK thanks to the recent, global recession, they are not completely right, as the exchange rate hit means that UK products are now cheaper for other countries to import.
On the other hand, if there are not many import/export deals going on, then that’s no good for the UK manufacturing businesses, who slashed 1,000’s of jobs in February.

Manufacturers slowing down faster!

Manufacturers in the UK cut jobs and output at a record pace in February, according to the latest Purchasing Managers’ Index (PMI).
The PMI showed employment and output levels at their lowest since the survey began in 1992.