Published • loading... • Updated
UK factories report growing inflation pressures, PMI shows
The S&P Global survey said input price inflation accelerated as port congestion, shipping delays and diesel costs pushed up manufacturers’ expenses.
- The PMI reading reached 51.9 last month, up from 51.7, marking the 11th consecutive month of growth with expanding output, new orders, and employment across UK manufacturing.
- Stretched supply chains caused manufacturing output growth to slow to its weakest pace in six months, as port congestion and geopolitical tensions created raw material shortages for many Companies.
- Input price inflation accelerated for the first time in four months, driven by higher costs for chemicals, electronics, food, and Energy, plus a spike in diesel prices hitting transportation costs.
- Rob Dobson, director at Global Market Intelligence, noted price measures switched from signalling decline to renewed uplift, adding the upcoming Budget from the Chancellor will likely prove material in steering confidence.
- Nevertheless, overall activity continued to rise for the 11th month in a row, though the manufacturing sector faces challenges from elevated prices that could impact future growth and stability.
Insights by Ground AI
7 Articles
7 Articles
UK PMI Manufacturing Rises to 51.9, but Output Growth Slows as Prices Reaccelerate - ActionForex
UK PMI Manufacturing rose from 51.7 to 51.9 in September, extending the sector’s expansion to an eleventh consecutive month. New orders increased for a tenth month and at a faster pace than in August, supported by both domestic and export demand, while employment rose for a sixth straight month and remained close to August’s two-year […]
The UK manufacturing purchasing managers' index rose to 51.9 in September, compared to 51.7 the previous month.
Coverage Details
Total News Sources7
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
Factuality
To view factuality data please Upgrade to Premium
