The past month has been busy with US Elections, the UK Budget and multiple Central Bank rate decisions. This unsettled the industrial sector in the UK and elsewhere. The UK manufacturing PMI slowed to 49.9 in October; the first reading below the neutral 50 mark since April. The UK budget introduced higher employer costs which will need to be absorbed or passed on in higher prices. In better news, UK inflation fell below the BoE target and the base rate was reduced by a further 25bps to 4.75%, re ....
