- Prior 53.2
- New orders 55.2 vs 54.9 prior, highests since July 2014
Prices rose at the slowest in the current 17 month trend of rising prices. We could well see that start to print negative numbers soon.Prices were lower for chemicals, commods, food, oil, raw materials and plastics. The exchange rate was also mentioned as helping reduce imported materials.
It’s not a bad report to head into the final two months of the year and will help ease the slowdown that we’ve seen in the economy, although manufacturing only makes up a small part
“The domestic market is this month’s stimulus of growth, supporting continued stability and a good
level of confidence.” Said David Noble at CIPS
