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UK manufacturing returns to growth aided by JLR factories reopening
UK factories rebound in October thanks to JLR’s reopening though external demand remains weak and cost pressures high.
UK manufacturing output rose in October for the first time in over a year, helped by the restart of Jaguar Land Rover operations after a cyber-attack shutdown. The S&P Global manufacturing PMI jumped from the prior month, signalling an improvement in factory activity and business sentiment. However, concerns persist around weak external demand and higher input costs. Investors are also watching the impact of the OPEC+ decision to pause output hikes starting Q1 2026, which could influence energy and manufacturing cost dynamics globally.