Summary
The most up-to-date indicator of the performance of British industry showed a marginal slowdown in the rate of growth last month, but no sign of the abrupt loss of momentum reported in last week's CBI Industrial Trends survey.
The CIPS/RBS purchasing managers' index also showed manufacturers are having increasing success in passing their costs on to their customers in price increases - that is seen as reinforcing the likelihood that the Bank of England will raise interest rates again next week.See the full content of this document
Extract
Rate of Growth Slows Down
The headline PMI index for manufacturing slipped to 53.7 last month from an upwardly revised 54.5 in September on a scale where anything over 50 indicates growth.
Roy Dob...See the full content of this document
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