Highlights from the UK PMI manufacturing....>

UK DATA: Highlights from the UK PMI manufacturing which was boosted again by

stockpiling ahead of now moved Oct 31 Brexit headline. Not as positive as the

headline number suggests.

- "Firms reported that weaker inflows of new business, especially from the

domestic market, had led to a further scaling back of output. This was partly

offset by manufacturers who raised production to build-up stocks in advance of

the October Brexit deadline."

- "The level of incoming new orders decreased for the sixth straight month in

October"

- "New export business rose for the first time in seven months, as clients based

in the EU brought forward planned purchases to before the (now delayed) Brexit

departure date."

- "October saw a mild improvement in business confidence to a three-month high,

although the degree of optimism remained among the lowest since future

expectations data were first collected in July 2012. Ongoing political, economic

and Brexit uncertainties continued to weigh on manufacturers' sentiment."