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September’s 47.7 is the 4th consecutive rise (from a very poor low point of 38.4 in May)
- highest since February 2020
Highlights:
- slowest fall in new orders since January
- new export sales fell again in September, at the slowest pace for eight months
- Employment relatively stable, just under 50
Says Markit:
- “The most encouraging aspect of the latest survey was
a sustained rebound in business optimism from the
low point seen during April. More than twice as many
manufacturers plan to boost production in the next 12
months as those that forecast a decline, which pushed
the survey measure of business expectations to its
highest since May 2018.”
This article was originally published by Forexlive.com. Read the original article here.