Manufacturing PMI for October: 46.2 (first reading: 45.8). In September it was 48.4
The manufacturing sector is doing slightly better than preliminary expected but still the index level points to contraction of the UK economy. The reading today was still significantly below September levels. The pound is slightly higher on the news but we should know that the greenback is rather weak at the start of November, ahead of FOMC decision tommorow.
Source: xStation5
BREAKING: UK GDP and manufacturing lower than expected 📉Final German CPI in line with expectations
Morning wrap (12.12.2025)
BREAKING: US wholesale sales lower than expected
BREAKING: US jobless claims above expectations🗽