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Financial News: UK Manufacturing Growth Improves In September

UK Manufacturing Growth Improves In September

10/01/2018 - 04:53:00 (RTTNews)

(RTTNews) - The UK manufacturing sector expanded at a faster pace in September, survey data from IHS Markit and Chartered Institute of Procurement & Supply showed Monday.

The manufacturing Purchasing Managers' Index rose to 53.8 in September from 53.0 in August, which was revised up from 52.8.

Any reading above 50 indicates expansion in the sector.

Among components, both output and new orders grew at stronger rates in September. Manufacturing employment also increased, as jobs growth at SMEs offset further cuts at large-scale producers.

"On the price front, both output charges and input costs rose at faster rates in September, which may exert further upward pressure on consumer prices in future," Rob Dobson, Director at IHS Markit, said.

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