UK October manufacturing PMI shows fastest output growth in two years
Output and new orders accelerated as manufacturers faced the sharpest input-cost rise since spring, raising pressure on prices and the Bank of England.
- British manufacturing output grew at the fastest pace in 25 months, with the Global PMI rising to 52.8 from 51.9 in September, marking a year of expanding activity.
- Rob Dobson, director at Global Market Intelligence, said firms 'showed resilience in the lead up to the Budget,' with some strength driven by AI-related activities that appear durable.
- Input costs have been increasing for almost three years and rose at the sharpest pace since spring, while manufacturers face rising fuel, energy, and transport charges as supply-chain shocks drive inflationary pressures.
- Firms have passed higher costs onto consumers through increased selling prices, while the industry faces further pressure from a planned minimum wage rise confirmed in last week's Budget.
- Matt Swannell, chief economic adviser to the Item Club, noted the economy continues showing resilience amid energy shocks from the Middle East, though The Bank is expected to raise interest rates this week.
12 Articles
12 Articles
UK October manufacturing PMI shows fastest output growth in two years
British manufacturers started the final quarter of 2026 with the strongest output growth in more than two years, a survey showed on Monday, although fast-rising costs may worry the Bank of England, which looks set to raise interest rates this week.
UK factory output hits two-year high as manufacturers warn of mounting cost pressures - London Business News
British manufacturers increased production at the fastest pace in more than two years in October, offering a rare bright spot for the economy, but rising energy, transport and labour costs… The post UK factory output hits two-year high as manufacturers warn of mounting cost pressures appeared first on London Business News
Why is the British Pound pulling back from two-week highs despite upbeat UK manufacturing activity?
Moderate gains in the British Pound (GBP) against the US Dollar (USD) on Monday have been tempered by a retreat from the two-week highs reached earlier in the day, even as October data confirmed robust UK manufacturing activity.
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