UK manufacturing PMI drops to 50.5 in April

Growth slowed as new export orders fell at steepest pace since May 2009.

By New Statesman Published 01 May 2012
The Amazon warehouse in Swansea.
Stocks of finished goods fell slightly during the latest survey period. Photgraph: Getty Images.

The seasonally adjusted UK manufacturing purchasing managers' index (PMI) fell to 50.5 in April 2012, below March’s revised reading of 51.9, according to a survey of 600 industrial firms conducted between 12 and 25 April 2012 by Markit and the Chartered Institute of Purchasing & Supply (CIPS).

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