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British manufacturing rebounds from post-Brexit plunge
Associated Press ^
| Sep 1, 2016 7:13 AM EDT
| Carlo Piovano
Posted on 09/01/2016 9:29:36 AM PDT by Olog-hai
Manufacturing in Britain rebounded in August from a slump in the immediate aftermath of the shock vote to leave the European Union, an indication that the economy may be weathering the uncertainty better than expected.
A measure of business activity in manufacturing, the purchasing managers index, jumped to 53.3 points from 48.8 in July. The index is on a 100-point scale, with figures above 50 representing growth.
The survey found that a plunge in the pound had helped companies selling abroad. Also, business was resuming after being frozen in July amid the initial surprise over the vote and political chaos in Britain.
(Excerpt) Read more at hosted.ap.org ...
TOPICS: Business/Economy; United Kingdom
KEYWORDS: brexit; eurobanking; eussr; manufacturing
1
posted on
09/01/2016 9:29:37 AM PDT
by
Olog-hai
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2
posted on
09/01/2016 9:57:06 AM PDT
by
DoughtyOne
(He wins & we do, our nation does, the world does. It's morning in America again. You are living it!)
To: Olog-hai
There's an interesting history of manufacturing in GB. I'm watching an old documentary about the old
Ford UK plant in Dagenham
3
posted on
09/01/2016 1:40:06 PM PDT
by
Impala64ssa
(You call me an islamophobe like it's a bad thing.)
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