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英国10月制造业PMI显示两年多来最快产出增长UK October manufacturing PMI shows fastest output growth in two years

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2025年12月16日,英国桑德兰,日产汽车工厂内,一名工人使用吊装设备在逍客车型的生产线上搬运零部件。路透社/菲尔·诺布尔A worker uses a hoist to move components along the production line for the Qashqai model car at the Nissan car factory in Sunderland, Britain, December 16, 2025. REUTERS/Phil Noble

英国制造商在2026年最后一个季度开局时,出现了两年多来最强劲的产出增长,一项调查周一显示,尽管成本快速上升可能令英格兰银行感到担忧,该央行本周预计将加息。

British manufacturers started the final quarter of 2026 with the strongest output growth in more than two years, a survey showed on Monday, although fast-rising costs may worry the Bank of England, which looks set to raise interest rates this week.

大卫·米利肯报道 S&P全球英国制造业采购经理人指数10月升至五个月高点52.8,9月为51.9,与早前的快报估计一致。产出分量有时被视为更能反映基本面状况的指标,从51.5升至53.6,为自2024年9月以来的最高水平。

By David Milliken The S&P Global Purchasing Managers' Index for British manufacturers rose to a five-month high of 52.8 in October from 51.9 in September, in line with an earlier flash estimate. The output component, sometimes seen as a better gauge of underlying conditions, rose to 53.6 from 51.5, its highest since September 2024.

“10月产出和新订单的增长率均加快,因为企业回应了国内外市场需求改善的迹象,包括来自中国大陆、欧盟和美国的新订单,”S&P全球市场情报公司董事罗布·多布森表示。

"Rates of growth in output and new orders both gathered pace in October, as companies responded to signs of improving demand in both domestic and overseas markets, including new work received from mainland China, the EU and the US," said Rob Dobson, a director at S&P Global Market Intelligence.

制造商投入成本上升速度自6月以来最快,也是自2022年英国上一次大规模通胀高涨以来最快的速度之一。制造商对未来产出的预期出现自2025年11月以来最大的改善。新订单增长自7月以来最强劲。该行业就业增长在六个月时有的温和扩张后陷入停滞,企业——尤其是小型制造商——将此归咎于高昂的人力成本和投入品价格上涨带来的挤压。

最新官方数据显示,截至8月的12个月内制造业产出增长3.0%,为自2024年3月以来最大增幅。S&P的数据收集于10月12日至27日,早于财政大臣约翰·希利的首份预算案,该预算案在很大程度上未对企业增税,但宣布明年最低工资上涨3.9%。

Manufacturers' input costs rose at the fastest rate since June, and at one of the fastest paces since the last big surge in British inflation in 2022 Manufacturers' expectations for future output showed the biggest improvement since November 2025 Growth in new orders was the strongest since July Employment growth in the sector ground to a halt after six months of sometimes modest expansion, which firms – especially smaller manufacturers – blamed on high staff costs and the squeeze from rising input prices The most recent official data shows manufacturing output rose by 3.0% in the 12 months to August, the biggest increase since March 2024 S&P's data was collected from October 12-27, before finance minister John Healey's first budget which largely spared businesses from tax increases but announced a 3.9% rise in the minimum wage for next year

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