Latest data released by Markit - 1 November 2019
- Prior 44.6
That's quite a decent rebound in the headline reading after months of struggle, with a notable increase in manufacturing output being observed - jump from 44.9 in September to 50.4 in October.
Purchase orders also improved somewhat and that is contributing to the jump in the headline reading. That said, I would wait to see how the next couple of months play out or if this is just a one-off spike before the trend settles back again.
