The S&P Global UK Manufacturing PMI® for October 2024 highlights a resilient manufacturing sector, with employment increasing for the third time in four months despite ongoing challenges. Output expanded in the consumer and investment goods industries, while input cost inflation fell to its lowest level in ten months, representing one of the most significant falls recorded in the survey’s 33-year history.

What This Means for Your Manufacturing Business
This market resilience presents a strong platform for UK manufacturing and engineering businesses to strategically position themselves for long-term success. This means not only capitalising on immediate opportunities but also driving investment in assets and technologies that build capacity, efficiency, productivity and performance.

At Propel Finance, we understand that “Revenues Follow Advanced Assets.”
• Increased Capacity = Increased Output: Modern machinery significantly boosts productivity.
• Quality Assets = Quality Products: Cutting-edge equipment ensures superior product quality.
• Efficiency = Cost Reduction: Advanced assets streamline operations, improving profit margins.
• Innovation = New Revenue Streams: State-of-the-art technology opens up new growth avenues.
• Sustainability = Market Advantage: Green assets attract environmentally conscious customers.

Partner with Propel’s Manufacturing Finance Experts
Unlock your business potential with the UK’s fastest-growing asset finance company. With specialist expertise in financing manufacturing and engineering machinery and equipment, we’re here to help you drive investment, growth and success.