Mumbai, Nov. 3 -- UK manufacturing output expanded for the first time in a year during October, as companies depleted backlogs of work, increased stocks and, in some cases, were boosted by a restarting of production at JLR following a recent cyberattack.
The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers' Index (PMI) rose to a 12-month high of 49.7 in October, up from 46.2 in September.
Three of the PMI constituents (new orders, employment and stocks of purchases) registered contractions, while sub-indices for output and suppliers' delivery times were at levels consistent with improved operating conditions.
Sector data signalled that production volumes rose in the consumer and intermediate goods industries.
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