September saw the downturn in UK manufacturing output extend to three months, as companies cutback production in response to declining new order intakes. There was less
positive news on the price front as well, with rates of inflation for input costs and output charges both accelerating.
The seasonally adjusted S&P Global / CIPS UK Manufacturing Purchasing Managers’ Index® (PMI®) posted 48.4 in September, up from 47.3 in August but below the flash
estimate of 48.5.
The full S&P Global/CIPS UK Manufacturing PMI® Report is attached.
Tel: 020 7747 8121 (direct line)