The UK S&P Global Manufacturing PMI Flash rose to 49.6, up from the previous reading of 46.2. This represents an increase of 3.4 points, indicating a higher level of manufacturing activity compared to the prior period.
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The actual PMI figure of 49.6 exceeded the analyst estimate of 46.6, suggesting stronger-than-expected manufacturing performance. This positive surprise is likely to boost sentiment in industrial and manufacturing stocks, as it points to a potential recovery in the sector. The market impact may be more sentiment-driven in the short term, as investors reassess growth prospects based on this improved data.