UK factory output posts strongest growth in over two years! Cost pressures resurface, reinforcing the Bank of England's rate hike path this week.

Zhitong Finance APP has learned that the UK October manufacturing PMI survey report has released a signal that is relatively important for the stock, bond, and currency markets UK orders and production are accelerating their recovery, but rising input costs and stalled hiring mean that the improvement in demand has not yet translated smoothly into corporate profits and employment growth. Against the backdrop of re-emerging inflation in the UK and the euro area and the Federal Reserve still retaining room for further rate hikes, the market needs to weigh two forces at the same time the support that economic resilience provides to corporate revenue, and the constraints that costs and interest rates impose on profits, cash flow, and valuations.