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UK factories suffer sharp fall in May, but less than in April -PMI

Jun 01, 2020 - Nasdaq

LONDON, June 1 (Reuters) - British manufacturers saw another sharp downturn in May but the pace of the slump eased off from April's record fall as the coronavirus shutdown brought much of the economy to a halt, a survey confirmed on Monday. May's final IHS Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) came in at 40.7, little changed from a preliminary reading of 40.6 and far below the 50 level above which the index would signal growth. The reading was up from 32.6 in April, sugge...