Manufacturing rebound hopes dashed

AOL Money Staff
Cameron opens factory
Cameron opens factory

Dave Thompson/PA Archive/Press Association Images

Hopes of an imminent rebound in the manufacturing sector have been dashed as the crisis in the UK's largest export market continued to hit orders.

The latest Markit/CIPS purchasing managers' index (PMI) produced a headline reading of 48.4 for September, below the 50 mark that separates expansion from contraction and down on the improved trend of 49.6 seen a month earlier.