UK manufacturing sector suffers worst slump in 8 years

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The UK’s manufacturing output fell at its fastest rate since 2012 in March, data from HIS Markit/Cips purchasing managers’ index (PMI) has revealed. The COVID-19 outbreak has been blamed from the slump, causing broken supply chains and a significant decline in demand. The index fell to a three-month low of 47.8 in March, down from…

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