Prior 46.2Full report hereKey findings:Output rises for first time in a yearTotal new orders and new export orders contractat slower ratesComment:Rob Dobson, Director at S&P Global Market Intelligence said:“The October PMI survey shows UK manufacturingproduction rising for the first time in a year, which is apositive in itself. However, there are real concerns thatthe bounce could prove short-lived. Not only did Octobersee auto sector supply chains benefit from the productionrestart at JLR, which will provide only a temporary spike inproduction, but sluggish demand from both domestic andoverseas markets meant October’s output growth wasdependent on firms eating into backlogs of orders placedin prior months and allowing unsold stock to accumulate."There are also concerns the forthcoming Budget willexacerbate the lingering challenges created by last year’sBudget, especially in relation the impact of NMW andemployer NICs on costs, demand and production. Thismeans that business optimism remains below its long-runaverage despite rising to an eight-month high in October.Manufacturers seem to be stuck in a holding pattern untilthe domestic policy and geopolitical backdrops exhibitgreater clarity.” This article was written by Giuseppe Dellamotta at investinglive.com.