UK Manufacturing PMI Revised Down to 54.1 in September

The UK manufacturing sector activity expanded less-than-expected in September, the final report from IHS Markit confirmed this Thursday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised lower to 54.1 in August from 54.1 preliminary estimates.

Rob Dobson, Director at IHS Markit, which compiles the

survey:

“September saw UK manufacturing continue its
recovery from the steep COVID-19 induced downturn.
Although rates of expansion in output and new orders
lost some of the bounce experienced in August, they
remained solid and above the survey’s long-run
averages. Export demand is also picking up, as
economies across the world restart operations and
adjust to COVID-19 restrictions. Business sentiment
remained positive as a result, with three-fifths of UK
manufacturers forecasting a rise in output over the
coming year.”