UK Sees Solid Growth in September Manufacturing PMI

Australia - Australian Industry Group Manufacturing PMI (September) 54.2 (prior 59.8)

IHS Markit manufacturing PMI report for September also noted that employment shrank for two consecutive months as the subdued growth of order book allowed firms to work through their backlogs.

The Purchasing Managers' Index came in at 56.3 in September.

Meanwhile the Pound may relinquish some ground again tomorrow with the release of the UK's latest Construction PMI, as economists forecast the index will have slipped from 51.1 to 50.8 last month.

Robust client demand led manufacturers to increase production for the fourth straight month in September, and at the fastest pace in more than nine years, driven by consumer and capital goods.

He said that the sector is "increasingly being buffeted by rising cost inflationary pressures, as rising commodity prices and higher import costs from the historically weak sterling exchange rate are being exacerbated by supply-chain capacity constraints and input shortages". There were reports of increased sales to Europe, the USA, China, and Brazil. Weak demand contributed to reduced new business and only a fractional expansion in output.

The growth of new export business remained among the best registered over the past six-and-a-half years.

Positive outlook Confidence in United Kingdom manufacturing is also high, with over 51 percent of manufacturing companies surveyed expecting further growth in production over the next 12 months.

IHS Markit said that production and new orders were both rising at above average rates.

Optimism is still relatively strong, with more than 51% of firms expecting production to rise over the coming year, reflecting worldwide expansion efforts, efficiency drives and fresh investment plans.

"The weak peso continued to pose a problem for manufacturers".

Higher new orders, and a subsequent rise in production requirements, encouraged firms to increase their purchasing activity at the end of the third quarter.

Data included in the latest PMI report were collected between 12-26 September. Respondents also reported a rare spike in exports of construction-related products for emergency relief and reconstruction in the United States following recent hurricane damage.

Related News:

  • Trump Attacks Critics Of Puerto Rico Aid Effort: 'Politically Motivated Ingrates'

    Trump Attacks Critics Of Puerto Rico Aid Effort: 'Politically Motivated Ingrates'

    President Trump also used Twitter to take a moment and praise restoration efforts taking place on the devastated island. Nearly half the island's 3.4 million population are without drinking water, the US Defence Department said on Thursday.
    Spain and Catalonia in referendum showdown

    Spain and Catalonia in referendum showdown

    He sees the vote on whether to break away from Spain as a chance for his long-held dream of a Catalan republic to become real. Aspirations for an independent Catalonia, Spain's economic engine, have surged and ebbed for generations.
    What the Big Jolt to Germany's Merkel Means to US, Russia, Greece

    What the Big Jolt to Germany's Merkel Means to US, Russia, Greece

    Oddly, the AfD picked up much support from regions comprising former East Germany, even though those areas have fewer immigrants. Many Germans see the rise of the AfD as a similar rejection of the status quo as votes for Brexit and Donald Trump a year ago .
  • Isco nets brace in Real Madrid win

    Isco nets brace in Real Madrid win

    However, Madrid have yet to win at the Bernabeu this season, and Espanyol have pulled off some impressive draws this season. After signing a new deal this week, Marco Asensio could start alongside Cristiano Ronaldo and Gareth Bale up front.
    Rivers preaching positivity despite Chargers' 0-3 start

    Rivers preaching positivity despite Chargers' 0-3 start

    The Chargers rank second in the National Football League in sacks per pass attempt, bringing QBs down at a 13.25 percent clip. And, despite being minus-three in turnover margin, the Chargers still had chances to tie the Chiefs in the closing minutes.
    Nintendo Developers: 'Mario is Punching Yoshi'

    Nintendo Developers: 'Mario is Punching Yoshi'

    However, the set up that I drew was that when Mario punches Yoshi in the head, the character's tongue shoots out in surprise. During that same interview , Tezuka noted that Yoshi was the result of Shigeru Miyamoto's desire to have Mario ride a horse.
  • Air France flight from Paris to LA makes emergency landing in Canada

    Air France flight from Paris to LA makes emergency landing in Canada

    Debris scattered across the runway as the plane made its approach, requiring cleanup before the runway could reopen. Others passengers tweeted hearing a "loud thud and a lot of vibration" before looking out at the mangled engine.

    North Korean diplomat in Russian Federation for talks on US

    Russian Federation has been quietly aiding North Korea via a web of shell companies on the border with the Stalinist state. Russian Federation has been wary of US flights of strategic bombers over the peninsula, Tass news agency reported.
    England have no chance to retain Ashes without Stokes - Ian Chappell

    England have no chance to retain Ashes without Stokes - Ian Chappell

    Ashes-holders England's next global fixture will be the first Test against Australia in Brisbane commencing on November 23. The incident happened after England's victory in the third ODI against West Indies on Sunday, in which Stokes scored 73.
  • San Francisco Giants pitcher Matt Cain will retire after one last start

    San Francisco Giants pitcher Matt Cain will retire after one last start

    What happened Sunday? The Giants won, thanks to Pablo Sandoval's walk-off home run against the Padres in Game 162 ( SF 5, SD 4 ). Sandoval's homer came off of Phil Maton , and it might have cost the Giants the chance to pick first in next year's draft.
    UKIP unveil new leader as ex squaddie Henry Bolton

    UKIP unveil new leader as ex squaddie Henry Bolton

    UKIP was in search for its fourth leader in 12 months after Nuttall quit following the party's poor general election performance. A banner was superimposed with an image of Mr Farage posing as Adolf Hitler with the European Union logo in the background.
    State Department Will Not Recognize Kurdish Independence

    State Department Will Not Recognize Kurdish Independence

    The Kurds, whose borders with Turkey, Iran and Syria remain open, have condemned the flight suspension as "collective punishment". Mr Barzani said the referendum would not draw borders, and that afterwards there could be talks with Baghdad for a year or two.


Most liked

PM Netanyahu: Israel played no part in Kurdish referendum
That's due to tensions over an independence referendum held this week in Iraq's Kurdish region and disputed territories. An Iraqi force is also deployed on the Turkish side of the border as part of joint drills with the Turkish army.

OJ Simpson could be a released from prison as early as Monday
Things turned sour for OJ when he was arrested for the murder of his ex-wife Nicole Brown Simpson and friend Ron Goldman . Simpson is expected to head to Florida within in the next few days to visit his children, Justin and Sydney.

Saints will kneel before anthem, stand for it
As for the over/under , bettors are expecting plenty of fireworks in this one, with 84 percent going over the 49.5-point total. After a good first drive of 15 plays and 81 yards ended with an interception, the Dolphins didn't threaten the end zone again.

Nagpur ODI: Australia opt to bat; Bhuvi, Bumrah, Kuldeep returns
Kuldeep, having been punished for bowling too full on a tiny ground, dismissed the set batsmen Finch (124) and Smith (63). India on the other hand have played all the members of the squad except KL Rahul, who might get a match in the last ODI.

Man City's Benjamin Mendy ruptures anterior cruciate ligament
Guardiola also revealed that captain Vincent Kompany is out despite being called up by Belgium for their World Cup qualifiers. Guardiola admits he has not decided whether to bring in a replacement for Mendy in the January transfer window.

Twitter Hands Over Russia Today Account Information To Congress
The remaining 179 accounts "related or linked" to the 22 accounts were evaluated first, and some were suspended accordingly. In August, Facebook claimed that a Russian troll farm with links to Moscow, had purchased $100,000 in political ads.

Google is building competitor to the Amazon Echo Show, says report
Although Google wants the device to launch in 2017, it's very likely that the company will have to settle for a 2018 release date. Smart home camera support on Fire TV now works on a range of devices from companies including Arlo, Ring, Nest, and August.

Amazon announces expansions to Echo product lineup
Again, Alexa - using the $149 (roughly Rs. 9,800) Echo Plus - could make smart home set-up as easy as, screwing in a light bulb. Like Amazon's other devices, the build quality is very good, and the Echo Spot feels like a premium gadget.

Russell Westbrook Signs Super-Max Extension With Oklahoma City Thunder
George will hit unrestricted free agency next summer, with plenty of buzz circulating around the league about where he'll end up. I come to you from Oklahoma City , where I've spent the past 12 years as a reporter and editor at The Oklahoman newspaper.

Rock climber falls from Higher Cathedral Spire in Yosemite
The park geologist has measured the rockfall to have been 10,250 cubic meters in volume, or about 30,500 tons of granite . After descending Friday, though, he said there are dozens of routes on the mountain that are unaffected by the slide.

Someone Extracted the Star Fox 2 ROM From the SNES Classic
To search for SNES Classic stock at your local stores, you need the SKU, UPC or DCPI number of the SNES Classic for each store. Not only does it compile some of the greatest games of all-time, but it also has the previously-unreleased Star Fox 2 .

Prince Harry Just Did The Cutest Thing At The Invictus Games
All of the well-known men seemed to really enjoy the games, and during breaks, they also took some time to pose for the cameras. Harry on Sunday played host to US First Lady Melania Trump and Canadian Prime Minister Justin Trudeau at the Invictus Games .

Nirmala Sitharaman visits troops at the border
As she landed in the state in the Old Airfield, she was received by the Northern Army Commander and Chinar Corps Commander. The two leaders discussed several issues related to the prevailing situation in the state.

South Korea: Return of wartime operational control will scare North
October 10 is one of the most important political anniversaries of the North - the anniversary of the Workers' Party foundation. Moon also noted his government's resolve in protecting the country and its people.

Taxi company Uber goes in search of a new United Kingdom chairman
It is a good sign Uber needs new drivers, unless they are replacing others who want to leave. Three years ago London was brought to a standstill by protesting taxi drivers.