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- UK’s manufacturing activity growth slows slightly more than initially estimated in September - IHS Markit
UK’s manufacturing activity growth slows slightly more than initially estimated in September - IHS Markit
The latest
report by IHS Markit revealed on Thursday the seasonally adjusted final IHS
Markit/CIPS Purchasing Managers’ Index (PMI) stood at 54.1, down slightly from
the “flash” figure of 54.3 and down from August's two-and-a-half year high of
55.2. The latest reading pointed to a fourth straight month of growth, its
longest sequence in expansion territory since early-2019.
Economists had
forecast the index to stay unrevised at 54.3.
According to the
report, output and new orders rose as new work intakes improved from both
domestic and overseas market. Meanwhile, job losses were recorded for the
eighth consecutive month in September, although the pace of reduction weakened
to its lowest since February.
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