UK Sept manufacturing PMI 54.4 vs revised 53.0 in Aug

The UK's manufacturing sector expanded by more than anticipated in September, sources said of a key survey. They said the monthly purchasing managers' index for the manufacturing sector from the Chartered Institute of Purchasing and Supply rose to 54.4 in September from a revised 53.0 in August (it was previously estimated at 53.1). Analysts polled by AFX News had been anticipating a modest decline to 52.8. A reading above 50 denotes growth. A more detailed look at the data shows the output component rose to 58.7 in September from 54.2 in August (it was originally estimated at 54.1). September's reading was the highest since July 2004. Meanwhile, the new orders sub-index rose to 55.1 from 52.0 (previously estimated at 52.4), while export orders increased to 53.1 from 47.7 (previously estimated at 48.3) and the employment sub-index rose to 50.6 from 49.9. On the inflation front, the output price index eased to 55.1 from 55.3 and input prices fell to 66.8 from 69.3 (previously estimated at 69.7.) mqdllhnk