Figures Point Towards Early Interest Rate Cut ; Economy

Summary

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Hopes that the Bank of England may cut interest rates next week received a fillip yesterday from an unexpectedly downbeat survey of manufacturing in September.

Industry's output, new orders and jobs all declined faster than in any previous month over the 17-year history of the Purchasing Managers' Index published by the Chartered Institute of Purchasing & Supply and Markit UK.

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Extract

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Figures Point Towards Early Interest Rate Cut ; Economy

On a more welcome note for the Bank, there were signs that manufacturers may be losing a little of their pricing power. The sub- index index measuring prices charged to custo...

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