"BDO's Output Index rose to 97.49 in October, up from 96.25 in September. This marks its largest monthly improvement since December 2024, when the UK economy grew off the back of strong consumer-facing sectors, including leisure activities such as pubs and bars, likely boosted by last year's festive period. Both the services and manufacturing sectors contributed to October's rise, with easing cost pressures such as lower-than-expected inflation, which in turn increased domestic demand driving improvement in services output."
"The Manufacturing Output Index rose to 94.14 from 92.64 - its largest monthly improvement since April this year. The sector was helped by clarity from recent trade deals in the US and India, as well as the resumption of operations at Jaguar Land Rover following a cyber incident earlier this year. While optimism among manufacturers remains higher than at the start of the year, expectations of subdued growth and continued policy uncertainty have tempered confidence across the board."
UK economic output improved in October as the Output Index rose to 97.49 from 96.25, the largest monthly gain since December 2024. Services and manufacturing both contributed, helped by easing cost pressures and lower-than-expected inflation that boosted domestic demand and services output. The Manufacturing Output Index increased to 94.14 from 92.64, supported by clarity from recent trade deals with the US and India and Jaguar Land Rover resuming operations after a cyber incident. Business optimism slipped slightly across services and manufacturing, while the Employment Index edged up to 93.95 amid a still fragile jobs market and 4.8% unemployment.
Read at London Business News | Londonlovesbusiness.com
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