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- UK manufacturing PMI lower than expected in September
UK manufacturing PMI lower than expected in September
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 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.
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