Economic Buzz: UK manufacturing activity at 5-month high in October

The manufacturing sector in the United Kingdom continued to expand in October, S&P Global said in a report published on Monday, confirming its preliminary estimate. The manufacturing Purchasing Managers' Index (PMI) was up by 0.9 points to 52.8, the highest in five months. Business optimism rose to an eight-month high, although some companies worried about input costs, including inflation, energy prices and the increase in minimum wages announced in the autumn budget.

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