UK factories report growing inflation pressures, PMI shows

LONDON, Oct 1 (Reuters) - British ‌manufacturing cost ​pressures ​increased for the first time in four months in September, even as output grew at ‌its slowest pace since March, according to purchasing managers' ⁠data published on Thursday.

Factories reported the broadest rise in input costs ‌since June while increases ‌in prices charged also picked up speed, the S&P Global Purchasing Managers' Index report showed.

"The big shift in ​September was in the survey's price measures, which switched from signalling a decline in inflationary pressures to ⁠a renewed uplift," Rob Dobson, director at S&P Global Market Intelligence, said.

• The ​survey's headline reading edged up to 51.9 in September from 51.7 in August but its output ​gauge slowed to 51.5 from ‌52.1, its second monthly slowdown in a row.

• Investors expect the Bank of England to ⁠raise interest rates in November after warnings from Governor Andrew Bailey and other top officials that the energy spike caused ⁠by the Iran war threatens to stoke broader inflation.

• Business confidence was ​below August's six-month high, reflecting concerns about the geopolitical, economic and domestic policy outlooks

• Employment expanded for the sixth consecutive month ‌due to improved new orders and a desire to reduce backlogs of work but the ‌pace of hiring was softer than August's two-year high.

• ⁠The PMI data was based ‌on responses from ​firms between September 10 and September 25.

(Reporting by Suban Abdulla; editing by William Schomberg and Toby ‌Chopra)

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