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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!)
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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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