UK Manufacturing PMI at 46.2 in October
Slightly Higher Than Expected but Below Previous Figure (48.4)
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[Asia Economy Reporter Yu Je-hoon] The UK manufacturing Purchasing Managers' Index (PMI) for October recorded 46.2, according to a report released on the 1st (local time) by Markit/CIPS in the UK.
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This is a slight increase from the expert forecast of 45.8, but still falls short of the previous figure of 48.4. A manufacturing PMI above 50 indicates that the manufacturing sector is expanding, while a figure below 50 signifies contraction in the sector.
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