UK Factory Output Hits Two-Year High
British manufacturing output grew at its fastest pace in over two years during October. The S&P Global PMI rose to 52.8 as domestic and overseas demand improved. However, rising input costs may concern the Bank of England ahead of its rate decision.
Xurve View
Insights:
Xurve View
United Kingdom manufacturing output grew at its fastest pace in two years during October, driven by rising domestic and overseas demand. The expansion follows official data showing manufacturing output rose by 3.0% in the 12 months to August. The data may complicate upcoming policy decisions for the Bank of England amid fast-rising input costs.
