UK November final manufacturing PMI 48.0 vs. 48.6 prelim ...Middle East

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UK November final manufacturing PMI 48.0 vs. 48.6 prelim
source : forex live ( Middle East ) () 39
Final Manufacturing PMI 48.0 vs. 48.6 expected and 49.9 prior.Key findings:Output contracts as new orders fall Cost concerns lead to job cuts Supply chain stresses increaseComment:Rob Dobson, Director at S&P Global Market Intelligence: “Conditions in the UK manufacturing sector deteriorated again in November. The headline PMI fell to a nine-month low as concerns surrounding the economic outlook, high costs and weak demand led to lower output, falling orders and cutbacks to purchasing, jobs and inventory holdings. The export climate also remained bleak, as weaker demand from the US, China and EU led to a further drop in new export business. While companies of all sizes are experiencing a down

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