While CBI quarterly figures show a growth in orders, the CIPS/NTC Purchasing Managers’ Index (PMI) identifies a fall in business for January.
Despite remaining above the no-change mark of 50.0 throughout the past two and a half years, the seasonally adjusted PMI for January came dangerously close, recording a reading of 50.6 – the lowest since August 2005. The seasonally adjusted New Orders Index recording a reading of 49.7 – the first decline in incoming new business…
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