Manufacturing PMI in U.K. below expectations

Wednesday, 1 August 2012 11:54

Research group-Markit released today its report about manufacturing PMI level in U.K. Index fell to the lowest level in last three years.
Manufacturing PMI declined to 45.4 in July, below expectations for a reading of 48.6.
In June index circled around 48.4 points.
Number below 50 indicates contraction and over 50 expansion in the area.