UK factories expect another year of growth as acceleration takes hold – Telegraph.co.uk

Any score of above 50 indicates growth, so this improvement shows the sector accelerating.

“UK manufacturing made an impressive start to the final quarter of 2017 as increased inflows of new work encouraged firms to ramp up production once again,” said Rob Dobson from IHS Markit.

“The sector looks to be achieving a quarterly rate of expansion close to 1pc, therefore sustaining the solid pace of growth signalled by the official ONS estimate for the third quarter.”

However the sector is still facing some problems.

The weak pound has helped to boost exports but has also pushed up costs for manufacturers, as some of their parts are imported.

The price pressures component of the PMI rose to 70.1 in October, the highest level since March, indicating inflation has not yet faded for the sector.

UK factories expect another year of growth as acceleration takes hold – Telegraph.co.uk

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