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UK manufacturing PMI at three-month low in September

FXStreet (Mumbai) - The headline seasonally adjusted Markit/CIPS Purchasing Manager’s Index (PMI) eased to 51.5 in September, down from an upwardly revised reading of 51.6 in August.

Key Points

New order growth dropped to the joint-weakest pace in a year.

Cost pressures shifted further to the downside in September due to lower commodity prices. Input price deflation accelerated to its steepest since February 1999 and remained among the fastest registered in the near 24-year survey history.

The Sterling exchange rate also added to the bearish pressure on input prices.

Average selling prices were reduced for the first time in three months during September.

United Kingdom Markit Manufacturing PMI came in at 51.5, above forecasts (51.3) in September

United Kingdom Markit Manufacturing PMI came in at 51.5, above forecasts (51.3) in September
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