The final version of the S&P Global UK Composite Purchasing Managers' Index fell to 49.1 in September from 49.6 in August, the lowest reading since January 2021 when much of the country was still in a COVID-19 lockdown.Register now for FREE unlimited access to Reuters.comWhile the reading was an improvement on a preliminary "flash" reading of 48.
"Service sector businesses trimmed their growth expectations to the lowest seen for nearly two-and-a-half years in September, which survey respondents linked to concerns about falling disposable income and the unfavourable global economic outlook," said Tim Moore, economics director at S&P Global Market Intelligence.
slides the most in a year and a half not really a big sample period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: