UK manufacturing activity rises as costs remain a pressure

Economy · First reported 2 Nov, 10:52 · Updated 11:13

Image: Wikimedia Commons · Francis Matahum · CC BY-SA 4.0

The UK manufacturing PMI rose to 52.8 in October, and factory production reached its highest pace in 25 months. Firms reported stronger demand but also rising input costs, some of which they passed on through higher selling prices.

The UK manufacturing PMI increased from 51.9 in September to 52.8 in October; readings above 50 indicate growth.
Manufacturers reported stronger new business and improved demand from domestic and overseas clients.
Input costs rose at their sharpest pace since spring, and firms said some increases were passed on to customers through higher prices.

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Key facts

UK manufacturing PMI, October: 52.8, up from 51.9 in September.
Factory production: Reached a 25-month high in October.
Input-cost trend: Input costs had increased for almost three years and rose at their sharpest pace since spring in October.
Reported demand: Firms reported improved domestic and overseas demand, including from China, the EU and the US.