UK Manufacturing PMI – October 2020
The recovery in the UK manufacturing sector continued at the start of the final quarter, as output and new orders rose again supported by improved demand from both domestic and overseas sources. That said, the upturn showed further signs of losing impetus, as the initial boost to growth from the economy reopening faded and job losses accelerated.
Survey data were collected 12-27 October.
The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index® (PMI®) fell to 53.7 in October, down from 54.1 in September but above the earlier flash estimate of 53.3. The PMI has remained at an above-50.0 level, signalling expansion, for five months running.
The full IHS Markit/CIPS UK Manufacturing PMI® Report is attached.
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