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UK Manufacturing Shows Solid Growth in October

UK manufacturing continued to grow strongly in October, making a “solid start” to the final quarter of the year, a closely-watched survey says.

The latest Markit/CIPS Purchasing Managers’ Index (PMI) for the sector was 56.0 last month, down slightly from September’s revised figure of 56.3 but still indicating robust growth.

A figure above 50 indicates expansion.

The sector was helped by a rapid rise in export orders, which grew at the fastest pace since February 2011.

Markit said manufacturing production and new orders grew strongly last month, leading to “further job creation”.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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