伦敦富时100指数周二收跌部分早盘涨幅，收于9223点，投资者消化了低于预期的PMI数据，同时等待美联储主席杰罗姆·鲍威尔当天晚些时候的讲话。调查显示，英国私营部门增长放缓至5月以来的最低水平，服务业扩张放缓，制造业进一步萎缩。与此同时，经合组织将其对英国2025年的增长预测略微上调至1.4%，同时表示到年底通货膨胀率可能达到3.5%，是主要经济体中最高的。在股票中，翠鸟集团在上调全年中期利润前景后上涨了近15%，拖累了该行业的其他公司。相比之下，史密斯集团因获利回吐而从早些时候的历史高点下跌了3%以上。权重股阿斯利康和英美烟草的下跌也产生了影响。

London’s FTSE 100 pared some early gains to close almost flat at 9,223 on Tuesday, as investors digested weaker-than-expected PMI data while awaiting Fed Chair Jerome Powell speech later in the day. The survey showed UK private-sector growth easing to its weakest pace since May, with services expanding more slowly and manufacturing contracting further. Meanwhile, the OECD slightly increased its UK growth projection to 1.4% for 2025, while indicating that inflation could hit 3.5% by year-end, the highest among major economies. Among equities, Kingfisher gained nearly 15% after raising its full-year outlook on stronger interim profits, dragging others in the sector with it. In contrast, Smiths Group retreated over 3% from record highs earlier on profit-taking. Losses in heavyweights AstraZeneca and British American Tobacco also weighed.

英国央行鹰派药丸表示，他对通胀风险更放心。英国央行首席经济学家Huw Pill是货币政策委员会成员之一，他一直最担心通货膨胀。周二，他表示，与今年早些时候相比，他对英国价格压力的前景更加满意。

BoE hawk Pill says he is more comfortable on inflation risk.Bank of England Chief Economist Huw Pill, one of the Monetary Policy Committee members who has been most concerned about inflation, said on Tuesday that he was more comfortable with the outlook for price pressures in Britain than he was earlier this year.

英国央行的Pill对通胀更为宽松，反对QT间期减慢。英国央行首席经济学家Huw Pill在一次演讲中表示，与六到十二个月前相比，他现在“更舒服”。虽然他此前曾强调，风险的平衡更多地在于通胀方面，但他承认，随着时间的推移和市场的重新定价，风险正在发生变化。

BoE's Pill more comfortable on inflation, opposed slower QT pace.BoE Chief Economist Huw Pill signaled a softer tone on inflation risks, saying in a speech he is “more comfortable now” than six to twelve months ago. While he had previously stressed the balance of risks lay more on the inflationary side, he acknowledged that as time has passed and markets have repriced, the risks are shifting.

英国工业联合会（CBI）的调查显示，2025年9月，英国的总订单余额从7月的-33增至-27，略高于市场预期的-30。尽管经济温和复苏，但数据突显出制造业持续疲软，企业对11月预算、经济状况、高能源成本和难以雇佣熟练工人表示担忧。CBI未来三个月的产出指标从-13略微降至-14，而出口订单小幅升至-32，但仍远低于-19的长期平均水平。与此同时，制造商对未来三个月价格上涨的预期降至2024年10月以来的最低水平。

The Confederation of British Industry (CBI) survey showed the UK’s total order book balance improved to -27 in September 2025, up from -33 in July and slightly above market expectations of -30. Despite the modest recovery, the data highlighted ongoing weakness in the manufacturing sector, with firms citing concerns over the November budget, economic conditions, high energy costs, and difficulties hiring skilled workers. The CBI’s output gauge for the next three months slipped slightly to -14 from -13, while export orders edged up to -32 but remained well below the long-term average of -19. Meanwhile, manufacturers’ expectations for rising prices over the coming three months fell to their lowest level since October 2024.