Manufacturing has suffered yet another downturn in activity over September. ( Photographer: Krisztian Bocsi/Bloomberg via Getty Images)

A breakdown in activity across the manufacturing sector has deepened as new data has shown export work coming to a halt and investment falling flat.

S&P Global’s purchasing managers’ index (PMI) for manufacturing in September showed the sector was still struggling to bounce back despite some quiet optimism in recent months.

Activity in the sector dropped to a five-month low due to a drop in orders at one of the “greatest extents in the past two years”, with the PMI reading falling to 46.2 – significantly lower than the 50-figure benchmark for neutrality in output.

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