The S&P Global UK Manufacturing PMI rose to 49.7 in October 2025 from 46.2 in September, slightly above the initial estimate of 49.6. This marks the highest level in a year and signals near stabilization, reflecting the first rise in production in 12 months, supported by backlog clearance, restocking, and the restart of operations at Jaguar Land Rover following a cyber-attack. Output grew in the consumer and intermediate goods sectors, while investment goods production fell at a slower pace. New orders and exports continued to decline, amid weak demand from the US, EU, Asia, and the Middle East. Meanwhile, employment fell for a twelfth month, though at a slower rate, as firms cut costs and froze hiring. Input cost inflation eased to its lowest in 2025, while selling prices edged up modestly. Business optimism rose to an eight-month high but remained below its long-term average amid fiscal and geopolitical uncertainty.