UK Factory Inflation Rises as PMI Shows Cost Pressures
British manufacturing cost pressures increased in September for the first time in four months. Factories reported a broad rise in input prices while output growth slowed to its lowest pace since March.
British manufacturing input costs rose for the first time in four months during September, while factory output grew at its slowest pace since March. The United Kingdom manufacturing sector faced renewed price pressures following an energy spike linked to the conflict involving Iran, according to S&P Global survey data published Thursday morning. Investors now price in potential interest rate action from central bank officials to counter the broader inflation risks.
