UK Preliminary Manufacturing PMI Beats Estimates in October

The UK manufacturing and services sector activities showed mixed performance in October, the preliminary report from IHS Markit showed this Friday.

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to a three-month low of 53.3 in October versus 53.1 expected and 54.1 – September’s final reading.

Meanwhile, the Flash UK Services Business Activity Index for October hit a four-month low of 52.3 versus September’s final readout of 56.1 and 54.0 expected.