LONDON | Tue Nov 1, 2011 9:29am GMT
(Reuters) - The manufacturing sector contracted at its fastest pace in more than two years in October as new orders plummeted, adding to signs that the country is teetering on the brink of recession, a survey showed on Tuesday.
The Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) slumped to 47.4 in October, its lowest since June 2009, from a downwardly revised 50.8 the month before.
