India, Feb. 3 -- The UK manufacturing activity continued to contract in January, albeit at a slower pace, due to weak demand, low confidence and rising costs, final survey results from S&P Global showed on Monday.
The final manufacturing Purchasing Managers' Index rose to 48.3 in January from an 11-month low of 47.0 in December. The reading was marginally above the flash score of 48.2.
A score below 50.0 suggests contraction. Operating conditions have deteriorated in each of the past four months.
Manufacturing output dropped for the third straight month, but at the slowest pace during the current sequence. Weak demand and lackluster business and consumer sentiment were the main factors underlying the scaling back of production.
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