UK manufacturers have demonstrated notable resilience as production accelerated at its fastest pace in two years, according to the latest S&P Global UK manufacturing PMI survey. The index rose to 52.8 in October, up from 51.9 in September, marking a full year of continuous growth in the sector and reaching a 25-month high for factory production. Firms reported stronger new business levels and improved demand from both domestic and overseas markets, including China, the EU, and the US. Despite this positive momentum, the sector continues to face significant cost pressures. Businesses have been hit by rising fuel, energy, and transportation expenses, alongside ongoing supply-chain disruptions, port congestion, and shipping re-routings driven by global conflicts. Input costs have risen at their sharpest pace since the spring, prompting some manufacturers to pass increased expenses onto clients through higher selling prices. Analysts also point to upcoming challenges, including the planned rise in the national minimum wage confirmed in the recent Budget, as well as ongoing delivery delays that firms are increasingly treating as the new normal. Fuente: The Standard (Reino Unido) #UKManufacturing #Economy #Business #SupplyChain #PGA
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