英国制造业萎缩态势终结，经济显示复苏迹象

Core Insights - The latest PMI survey indicates that the UK private sector growth in October exceeded expectations, signaling an end to a year-long contraction in the manufacturing sector, suggesting the economy is starting to recover from the impact of the Labour government's tax policies [1] Economic Indicators - The UK Composite PMI preliminary value rose from 50.1 in September to 51.1 in October, surpassing economists' forecast of 50.5 and remaining above the neutral 50 mark [1] - Total new orders returned to growth territory, and the pace of job losses slowed to the lowest level since May [1] - Input cost inflation eased, with price competition leading to a moderate increase in output costs [1] - Business expectations for future activities improved [1] Sector Performance - The UK Services PMI preliminary value slightly increased to 51.1 in October, compared to the expected 51 and the previous value of 50.8 [1] - The UK Manufacturing PMI preliminary value was reported at 49.6, exceeding the forecast of 46.6 and the previous value of 46.2 [1]