UK factories are laying off workers at fastest rate for seven years

Monthly manufacturing snapshot shows seventh month of
contraction

Britain’s factories are laying off workers at the fastest rate
in seven years, as manufacturing remains in the doldrums amid
political and economic turmoil.

The monthly UK manufacturing snapshot from IHS Markit/Cips shows
the headline purchasing managers’ index (PMI) slipped to 48.9 in
November from 49.6 in October. It has been stuck for
seven months below the 50 mark
that separates expansion from
contraction.

Source: FS – All-News2-Economy
UK factories are laying off workers at fastest rate for seven years