The Purchasing Managers Index for Poland in September has increased to 53.7 points, from 52.5 points in August. There were reports of increased sales to Europe, the USA, China, and Brazil. Currency weakness was reportedly the main reason leading to higher input costs (the rupiah being under pressure - like other emerging market currencies - amid renewed USA dollar strength).
Positive outlook Confidence in United Kingdom manufacturing is also high, with over 51 percent of manufacturing companies surveyed expecting further growth in production over the next 12 months.
"On the export side, a very competitive pound and healthy global demand should buoy United Kingdom manufacturers competing in foreign markets", he commented. New orders rose remarkably, resulting in the faster expansion of output, employment and purchasing activity.
"Overall growth continued to be driven by sharp expansions in both output and new orders, which in turn contributed to another solid rise in employment, boosting hopes of a further fall in the unemployment rate", he said.
Mom leaves kids home alone for trip to Europe, police said
She didn't plan on returning until October 1, but police contacted her and told her she needed to return to the USA immediately. As for her children, the twins are staying with extended family members while the other two are with their father.
Input prices rose to the strongest level in four months at 62.6 from 58.7 as United States supply disruptions following Hurricane Harvey raised the cost of raw materials. However, the flipside comes in the form of the increasing cost pressures that manufacturers in the United Kingdom face from Sterling weakness, which in turn increases the cost of imports.
"The weakened pound could also encourage some companies to switch to domestic sources for supplies, which would help manufacturers of intermediate products". Will they be able to absorb these rising costs, or will they need to be passed on to the end user? Respondents also reported a rare spike in exports of construction-related products for emergency relief and reconstruction in the U.S. following recent hurricane damage.
"This will likely exert further upward pressure on prices, dent profitability and potentially disrupt production schedules in coming months", he added.
"Order book gains continued to underwhelm relative to the historical trend - even as exports returned to growth - which weighed on hiring". The latest ABS estimate of manufacturing output volumes indicated growth of 1.8% q/q in the June quarter of 2017, the strongest quarter of growth since June 2011.