- Prior 54.2
- Manufacturing PMI 46.2 vs 47.1 anticipated
- Prior 47.0
- Composite PMI 51.0 vs 53.0 anticipated
- Prior 53.5
Key Findings:
- Non-public sector output expands at slowest tempo since Could
Remark:
Chris Williamson, Chief Enterprise Economist at S&P
World Market Intelligence:
“September’s flash UK PMI survey introduced a litany of
worrying information together with weakening progress, slumping
abroad commerce, worsening enterprise confidence and
additional steep job losses.
“The one excellent news is maybe that, simply because the Financial institution of
England grows more and more apprehensive about persistently
elevated inflation, the PMI indicated that value pressures
have moderated in September. Corporations reported one
of the smallest will increase in costs charged for items
and companies seen because the pandemic.
“With the weakening of enterprise exercise progress to a price
in step with the economic system virtually stalling, and round
50,000 job losses being signalled by the PMI once more in
the three months to September, alarm bells must be
ringing that the economic system is faltering, which may assist
shift the coverage debate on the Financial institution of England again
in the direction of a extra dovish stance.
“Nevertheless, amid discuss of additional tax rises being wanted
within the Price range later this yr, it’s not shocking to see
that enterprise expectations have worsened once more in
September, and within the absence of an enchancment in
confidence, it’s unlikely that the economic system will make any
robust positive factors within the months forward regardless of the
outlook for rates of interest.”
UK Composite PMI
