UK Manufacturing PMI fell more than expected

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Monday, Oct 02 2017

UK Manufacturing PMI fell more than expected

The UK manufacturing sector continued to expand at a solid clip during September, with production and new orders both rising at above long-run average rates. However, the latest survey signalled that cost inflationary pressures surged higher. This reflected a combination of rising commodity prices, the exchange rate and increased supply-chain pressures.

The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI®) registered 55.9 in September, down from August’s fourmonth high of 56.7, but above its long-run average of 51.7. Data included in the latest PMI report were collected between 12-26 September. Manufacturing production rose for the fourteenth month running in September. However, the rate of expansion eased from August’s recent high, in tandem with growth slowdowns across the consumer, intermediate and investment goods sub-sectors.

More in this category: « Spanish Manufacturing PMI increased in September Hurricanes Harvey, Irma lift U.S. factory activity index to 13-year high »

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