PwC comments on the S&P Global UK Manufacturing PMI October 2025

Cara Haffey, Leader of Industry for Industrials and Services at PwC UK said:

“This month’s PMI reflects the ongoing significant challenges the manufacturing sector is facing, with a drop in PMI to a five-month low of 46.2. The continued dip is driven by weakened market sentiment both domestically and internationally and compounded by factors such as rising energy and labour costs.  

“With job losses recorded for the eleventh month in a row, the pressure on employment signals the need for strategic shifts to counteract high operational costs and supply chain disruptions. Despite these hurdles, there is cautious optimism. Eased price inflationary pressures provide a silver lining, and manufacturers are looking towards lean inventories and improved market conditions to boost production. By focusing on innovation and efficiency, the industry can build resilience and prepare for a rebound.”