The UK service sector continued to expand in September but severe supply constraints lifted inflationary pressures, final survey data from IHS Markit showed on Tuesday.
The Chartered Institute of Procurement & Supply final services Purchasing Managers' Index registered 55.4 in September, up slightly from August's six-month low of 55.0 and the flash 54.6.
New order growth weakened for the fourth month in a row. Staff shortages, supply issues and the end of the stamp duty holiday were among the most commonly cited reasons for softer demand.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.