Quotes from Capital Economics:- After growing at a robust pace in the first half of the year, the manufacturing sector (09.30 BST) appears to have lost some of its vigour in Q3. The headline manufacturing PMI fell sharply in both August and September, taking it to the lowest level in 17 months. – Worryingly, this was driven by weakness in both domestic and external demand. What’s more, the three-month average of the survey’s output balance points to near enough stagnation of manufacturing output in Q3. – Given this, we expect that July’s rise in manufacturing output may have been reversed in August, and have pencilled in a 0.5% monthly fall.
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