London -- Growth in British manufacturing continued, but at a slower pace in July, compared to June, a research group said Monday.
The Chartered Institute of Purchasing & Supply, which tracks Britain's Purchasing Manager's Index, said the PMI for July was 57.3, a drop from June's 57.6, but still in positive territory. Numbers above 50 indicate growth.
July showed the slowest growth rate of the past five months, however, "both production and new work received in July … encouraged manufacturers to raise employment for the fourth consecutive month," the report said.
Production grew for the 14th consecutive month, but "the rate of expansion was the weakest so far in 2010," the report said.