U.K. Oct. manufacturing PMI falls to 28-month low
U.K. Oct. manufacturing PMI falls to 28-month low (by William L. Watts)
FRANKFURT (MarketWatch) -- Activity in Britain's manufacturing sector contracted in October, according to a survey of purchasing managers released Tuesday. The Markit/CIPS purchasing managers index for the sector fell to 47.4 in October from 50.8 in September. A reading of less than 50 indicates a contraction in activity. The reading is the lowest since June 2009. Economists had forecast a reading of 50.2.