UK manufacturing growth improves in SeptemberStaff Writer | October 1, 2018
The UK manufacturing sector expanded at a faster pace in September, survey data from IHS Markit and Chartered Institute of Procurement & Supply showed Monday.
Britain Any reading above 50 indicates expansion in the sector
Any reading above 50 indicates expansion in the sector.
Among components, both output and new orders grew at stronger rates in September. Manufacturing employment also increased, as jobs growth at SMEs offset further cuts at large-scale producers.
"On the price front, both output charges and input costs rose at faster rates in September, which may exert further upward pressure on consumer prices in future," Rob Dobson, Director at IHS Markit, said. ■