The UK private sector grew at the slowest pace in seven months in September as the shortage of materials and labor constrained business activity and pushed up inflationary pressures, flash survey data from IHS Markit showed on Thursday.
The Chartered Institute of Procurement & Supply composite output index fell to 54.1 from 54.8 in August. The score was also below economists' forecast of 54.5.
Chris Williamson, chief business economist at IHS Markit, said "The September PMI data will add to worries that the UK economy is heading towards a bout of 'stagflation', with growth continuing to trend lower while prices surge ever higher."
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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.