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Economy And The Numbers

UK Private Sector Shrinks Most Since Early 2021

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday.

The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. The score was forecast to ease moderately to 49.0.

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