The UK private sector growth eased sharply in August largely due to staff shortages and supply chain issues, flash survey results from IHS Markit and the Chartered Institute of Procurement & Supply showed on Monday.
The flash composite output index decreased to a six-month low of 55.3 in August from 59.2 in July. The score was forecast to drop to 58.4.
Weaker recoveries were seen in both the manufacturing and service sectors. The services Purchasing Managers' Index fell to 55.5 from 59.6 in July. The expected level was 59.0.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.