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UK manufacturing PMI fell back to 56.0 in October

Xinhua London, November 1 (reporter Wu Xintao) British market research institute Markit Group released data on the 1st said that the British manufacturing purchasing managers' index (PMI) in October this year was 56.0, a slight decline from the previous month's 56.3, but for the seventh consecutive month above the 50.0 expansion and contraction line. Indicating that the manufacturing industry has maintained an improving trend.

Data showed that the indicators that make up the manufacturing purchasing managers' index in October were good, including manufacturing output, the number of new orders in China and abroad, and the number of new jobs in the industry, including chemical plastics, basic metal products and other sub-industries, the output and new orders grew faster. Employment in the manufacturing sector rose for the sixth straight month.

Markit senior economist Rob Dobson said that although manufacturing accounts for less than 11% of the UK economy, the current strong growth in the sector is expected to provide further support to overall economic growth. Mr Markett expects manufacturing output to grow by between 1% and 1.5% quarter-on-quarter in the fourth quarter.

UK economic analysts Capital Economics said that with consumer real incomes still stagnant, the country's manufacturing production is still some time away from significant growth.

data showed that China's gross China's product in the third quarter of this year rose 0.8% from the previous quarter and 1.5% from the same period last year, the fastest growth rate in three years.

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