Manufacturing PMI in December at 11-month low as government policy ‘dampens confidence and raises costs’Business live – latest updatesManufacturers in the UK have cut back output at the fastest rate in 11 months, compounding the gloomy picture for the British economy, according to a closely watched survey.The purchasing managers’ index for manufacturing fell in December to 47, down from 48 in November – its weakest reading since February. Any reading below 50 signals a contraction. Continue reading...