MW; U.K. manufacturing PMI falls more than expected
British manufacturing activity contracted more sharply than expected in February, according to a monthly survey of purchasing managers. The purchasing managers index for the sector declined to 34.7, news reports said, after a reading of 35.8 in January. Manufacturing PMI was forecast to slide to 35.2. A figure of less than 50 signals contraction, while a figure of more than 50 indicates activity expanded.
