INSTANT VIEW - Manufacturing plunges at record pace in November

Mon Dec 1, 2008 10:08am GMT
 
Email | Print | | Single Page
[-] Text [+]

** This data is protected by copyright -- please see for more information **

LONDON (Reuters) - Manufacturing shrank at a record pace in November after a collapse in new orders, purchasing managers' data from Markit/CIPS showed on Monday.

The headline manufacturing PMI figure plunged to 34.4 from October's downwardly revised 40.7 -- both the lowest level and the biggest one-month fall in the series, which started in 1992.

KEY FIGURES FOR CIPS/MARKIT UK MANUFACTURING PMI SURVEY

Nov Oct Forecast

Manufacturing activity 34.4 40.7 (41.5) 40.0

* Headline figure, output, new orders, new export orders, employment, stocks of raw materials, purchasing activity and backlogs of work all at series low

* Autos, construction and consumer goods industries hardest hit

VICKY REDWOOD, UK ECONOMIST, CAPITAL ECONOMICS  Continued...

 
Zhu Zhu pet
Can I have one for Christmas?

The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri.  Full Coverage 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos