UK: Upside risks to September manufacturing PMI - TDS

Research Team at TDS, sees upside risks to UK’s September manufacturing PMI, with an increase to 54.0 vs consensus of a decline to 52.1.

Key Quotes

“This pickup is underpinned by the CBI survey’s continued improvement in expected sales volumes, alongside some support from the flash European manufacturing PMIs, which pointed to further expansion in the sector in September.

The Conservative Party Conference continues through Wednesday, with Chancellor Philip Hammond due to speak Monday morning. He’s likely to preview parts of his “fiscal reset” due in the 23 November Autumn Statement.”