The activity in the United Kingdom's manufacturing sector continued under the level of 50 points in September, with the Manufacturing Purchasing Managers' Index coming in at 44.3, with a minor increase from the previous month's 43.0, S&P Global and Chartered Institute of Purchasing & Supply (CIPS) said in their report issued on Monday.
The report highlighted a decline in manufacturing across all sub-sectors due to reduced new orders and employment, market uncertainty, a cost-of-living crisis, and weak overseas market conditions.
"There was slightly better news for producers on the price front, as a mix of lower costs and rising selling prices aided margin protection efforts. However, with oil prices on the rise, the environment may become less disinflationary in the coming months," S&P Global Director Rob Dobson remarked.
