UK S&P Global Manufacturing PMI Final (Aug) 51.7 vs. Exp. 51.5 (Prev. 51.9)

“The rate of expansion in the UK manufacturing sector cooled in August, with output and new order growth losing traction. There are still signs for continued optimism, however, as manufacturers reported a positive outlook for the year ahead. Business confidence rose to a six-month high and job creation was the strongest for two years" "Volatility in energy markets, supply constraints, geopolitical strife and transportation disruptions are all keeping cost rises at elevated levels, but August at least saw purchase price inflation descend from recent peaks to a six-month low. Supply chain delays were the least marked for six months too, which should provide additional respite to cost pressures barring any further major disruptions.”