Week 43 in Manufacturing News

US: Markit Manufacturing PMI edges lower to 59.2 in October vs. 60.3 expected; UK manufacturing growth slows as costs rise; German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected.

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US: Markit Manufacturing PMI Edges Lower to 59.2 in October vs. 60.3 Expected

The economic activity in the US manufacturing sector continued to expand in October, albeit at a slightly slower pace than it did in September, with IHS Markit’s Manufacturing PMI declining to 59.2 (preliminary) from 60.7. This reading missed the market expectation of 60.3.

Source: FX Street.

UK Manufacturing Growth Slows as Costs Rise

Factory output growth in Britain was hit by supply shortages in October, with manufacturers signalling another slowdown due to a lack of staff and material. Companies across the UK were also hit by a record rise in costs, IHS Markit said on Friday. The flash UK Manufacturing Output Index fell to 50.6, the weakest reading since February, and close to stagnation.

Source: Yahoo News.

German Preliminary Manufacturing PMI Improves to 58.2 in October vs. 56.5 Expected

The Manufacturing PMI in Eurozone’s no.1 economy came in at 58.2 this month vs. 56.5 expected and 58.4 prior. The index reached its lowest in nine months. Meanwhile, Services PMI dropped to six-month lows of 52.4 in October as against 55.0 estimated and 56.2 previous.

Source: FX Street.