According to IHS Markit, Purchasing Manager’s Index (PMI) in the UK manufacturing sector grew to 55.4 points in September. The index surpassed the forecasts of The Wall Street Journal analysts, who predicted a slower pace of growth totaling 53.4 points. In September, the production capacity strengthened and, new orders and employment in the UK manufacturing industry increased. This was due to the weakening of the pound sterling, the growth of orders from abroad and robust domestic demand. Senior economist at IHS Markit said that the rebound in the last two months had been encouragingly strong and, this may lead to an increase in GDP in the Q3.

 

 

 

Photo: www.ibtimes.co.uk

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