We mentioned the UK PMI slippage in our roundup earlier, but we just wanted to bring you the charts for some perspective.
The index is now at a 21-month low (full report here).
A big tail-off in new orders are to blame
The UK’s economic mess is pretty well documented by now. David Cameron’s campaign of austerity has sapped demand, and it hasn’t even accomplished anything in deficit reduction yet. For a while we were reporting on the daily dose of UK economic disaster, but it got to be repetitive and tiring. This just confirms that nothing has changed yet on that front.
For our full PMI roundup, see here.