U.K. September Manufacturing PMI falls to 48.4 from 49.6 (revised) previously, the 5th...

|By:, SA News Editor
U.K. September Manufacturing PMI falls to 48.4 from 49.6 (revised) previously, the 5th consecutive month in contraction territory. The print was modestly below expectations, but offset by August's revision higher. Purchase prices, meanwhile, rose to a 6-month high, giving the economy a stagflationary double-whammy. Sterling -0.2% and buying $1.6135.