UK manufacturing outlook worst since Oct 2012

The UK's Purchasing Manufacturer Index for manufacturing as published by Markit Economics (release) has fallen to its lowest level since October 2012. Falling from 50.8 to 47.9, the UK's manufacturing sector is now considered to be contracting. Economists expected a rise from 50.8 to 51.0. Typically this figure correlates tightly to manufacturing output:

(Source: Markit)

Broken down by manufacturing sector:

(Source: Markit)