The outlook for the UK manufacturing economy will remain gloomy, according to November’s Purchasing Managers’ Index produced by the Chartered Institute of Purchasing and Supply (CIPS) and Reuters.

The headline index fell from 50.6 in October to 50 – its lowest level for four months. The CIPS attributed the decline to the slowing global economy and cost-cutting measures undertaken within firms. The Output Index fell from 53.0 in October to 50.9 in November. Employment levels continued to fall but showed slight improvement – The Employment Index recorded 47.7 in November compared to 47.0 in October.

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