Pound falls as UK factory growth stumbles and Brexit uncertainty grows – business live

All the day’s economic and financial news, including new healthchecks on the world’s factoriesLatest: British manufacturing growth has hit a 25-month lowExports fall as global demand easesEarlier:Eurozone factories also had a bad AugustIntroduction: China’s factory PMI has fallen againTurkey’s factories hit by lira crisis 2.31pm BST The US financial markets are quiet today, as traders celebrate Labor Day. So here’s a quick recap.Manufacturers in Asia and Europe have suffered a drop in growth, as anxiety over the US-China trade war grows. 2.22pm BST Brazil has bucked the trend of generally disappointing data today, with manufacturing growth hitting a four-month high.However, the recent slump in the value of the real (amid a political corruption scandal) is pushing up import costs.#Brazil Manufacturing #PMI at four-month high of 51.1 in August as new business gains boost production. Input cost inflation hits ten-year peak amid currency weakness https://t.co/29viI5rDsy pic.twitter.com/mGpyK4pFny Continue reading…
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