United Kingdom Manufacturing Pmi

The IHS Markit/CIPS UK Manufacturing PMI dropped to 56.3 in September of 2021 from 60.3 in August, much lower than market forecasts of 59.0, preliminary estimates showed. It was the slowest expansion in factory activity since February, largely affected by material shortages, although growth remained solid. At the same time, goods producers signalled demand was also fading, as new orders advanced at the softest pace in seven months. Also, some manufacturers either struggled to find suitable staff or were looking to cut back on their workforce, which reflected in seeing the lowest monthly job creation since January. On the price front, supply chain issues fueled a steeper rise in input prices, leading to firms also hiking output charges.