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Manufacturing growth slows

Manufacturing growth slows
British manufacturing grew in the month of April but at a much slower rate than expected.

The Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) dropped to 50.5 in April from a downwardly revised figure of 51.9 in March, anything over 50 signifies growth.

The figure is the lowest since December and fell short of economists' expectations for a dip to 51.5.

Green Box: Manufacturing growth slowsClick to open

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