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Tuesday 01st of June 2010
December 1, 2009    

UK manufacturing activity falls unexpectedly in November

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by Kay Murchie
”UK

UK manufacturing activity unexpectedly slowed in November with the Chartered Institute of Purchasing & Supply (CIPS) index falling from a revised 53.4 in October to 51.8 in November.

Growth in new orders eased sharply from 58 in October to 53 in November.

However, while any reading above 50 in the index indicates growth, the figures have still raised concerns over the strength of the sector’s recovery.

David Noble, the chief executive of CIPS, said: “With new orders expanding at a slower rate than in October, there are already signs that the rebound in growth may be nearing its peak, leaving question marks over the longer-term outlook and the possibility of a double-dip recession.”

Lena Komileva at Tullet Prebon described the figures as “disappointing“. “They show a loss of momentum as hopes were rising about a recovery. It raises questions over the sustainability of some of the drivers behind the pick-up in activity.”

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