Skip to content
Subscriber Only
Business
Economics

U.K. October Manufacturing Grows at Fastest Pace in More Than a Year

  • Report indicates the economy is defying global headwinds
  • Bank of England will publish new forecasts on Thursday
Video player cover image

U.K. Manufacturing PMI Surprises With 16 Month High

Updated on

U.K. manufacturing growth unexpectedly accelerated to the fastest in 16 months in October as new orders surged.

In a monthly report published in London Monday, Markit Economics said factories bucked this year’s downward trend and started the fourth quarter of the year on a stronger footing. The manufacturing index rose to 55.5 from a revised 51.8 in September, beating economists’ forecast for a reading of 51.3.