Reino Unido PMI Industrial

The S&P Global UK Manufacturing PMI fell to 51.5 in September 2024 from 52.5 in August, as expected. It remained above the neutral 50.0 mark for the fifth consecutive month, supported by strong domestic demand, with output and new orders rising. However, anticipation of the Autumn Statement led to slower growth in production and a nine-month low in future expectations. Three of the five PMI subcomponents indicated improving conditions, though employment and stock purchases declined as manufacturers tried to offset rising input costs. Consumer and intermediate goods sectors grew, while the investment goods sector contracted. Export demand, particularly from Europe, fell for the 32nd straight month. Uncertainty and cost-consciousness led to reduced employment and purchasing activity. Rising input prices, driven by higher freight costs, were passed on to customers. Optimism about future output remained but weakened compared to August.