英国9月综合PMI初值降至51，出口创特朗普关税以来最快跌幅

Group 1 - The UK export demand is declining at the fastest rate since April, following the announcement of global tariff policies by the US President Trump, with the Purchasing Managers' Index (PMI) dropping from a one-year high of 53.5 in August to 51 [1] - Both the service and manufacturing sectors contributed to the decline, with factory output shrinking and overseas new orders reaching their worst performance in five months, indicating weak sales to the US and Europe [1][5] - The report highlights the ongoing damage from US tariff policies, despite the UK facing lower export barriers compared to most countries, posing challenges for the UK Chancellor of the Exchequer, Rachel Reeves, in addressing public finance issues amid ongoing economic weakness and geopolitical tensions [5] Group 2 - The chief business economist at S&P Global, Chris Williamson, indicated that the warning signs of economic weakness have been raised, which may lead to a more dovish stance in the Bank of England's policy discussions [5] - Companies reported a slowdown in input price growth, with the rate of increase falling from a three-month high last month, although suppliers are attempting to pass on rising labor costs amid ongoing increases in energy bills and food prices [5] - Manufacturing output is declining at the fastest rate since March, while service sector activity growth is also slowing due to weak domestic demand and heightened geopolitical tensions, leading employers to continue reducing jobs for the past 12 months [5]