The UK private sector logged only a marginal growth in August largely due to relatively muted customer demand and shortages of labor and inputs, flash survey results from S&P Global and Chartered Institute of Procurement & Supply showed Tuesday.
The flash composite output index fell to 50.9 in August from 52.1 in the previous month. The reading was also below economists' forecast of 51.1. A score above 50.0 indicates expansion. The latest pace of growth was the slowest seen over the past eighteen consecutive months.
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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.