CIPS/Markit Survey Reveals Six-Month Surge for UK Economy

Britain's bumpy recovery has reasserted itself following a fall in factory output growth during September, according to the latest CIPS/Markit survey.

The manufacturing sector continued to expand, prolonging a six-month period of improvement, but Markit's index of activity shows output fell back to 56.7 from the previous two-and-a-half year high of 57.1 in August. A figure above 50 indicates expansion.

The main drag on the sector's growth was a slump in export growth as new orders fell to 52.7 from 54 in August. By contrast, domestic orders powered ahead at 59.3, below August's 61.5, but higher than July's 58.3.

The Guardian

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Stuart McPhee

Stuart McPhee

Senior Currency Technical Analyst at Market Pulse
Stuart McPhee has nearly 20 years’ experience as a private trader and he specializes in technical market analysis of major currency pairs. He is the author of several bestselling trading books, most recently the fourth edition of his popular book “Trading in a Nutshell” (John Wiley), and he contributes articles to daily newsletters and blogs. He produces articles and videos on the how-tos of technical trading. Living in Melbourne, Australia, Stuart speaks at conferences and events worldwide.
Stuart McPhee