The market research group added that manufacturers had reported the fastest expansion of input buying since June 2015 and that input cost inflation had accelerated to its strongest in almost two years. “Manufacturing showed further signs of pulling out of the malaise seen earlier in the year, starting the fourth quarter on a solid footing,” Markit chief economist Chris Williamson commented. “Both output and new orders are rising at the fastest rates for a year amid increasingly widespread optimism that demand will pick up again after the presidential election, which has been commonly cited as a key factor that has subdued spending and investment in recent months,” he said.
Euro is currently being traded around 1.0880 area, Sterling is at 1.22 handle, while Aussie is above 0.7650 level.
