The UK manufacturing sector has started the final quarter of the year strongly, with upturns in output, new orders and employment, according to the latest Markit/CIPS Purchasing Managers’ Index (PMI).
A score of 54.3 for October, slightly down from September’s 55.5, shows UK manufacturing is still combating rising input costs due to the weaker exchange; however, the score remains well above the long-term average of 51.5. According to Markit/CIPS, new order volumes increased for the third consecutive month and “at a pace close to September’s…
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