The UK service sector shrank in October for the first time since early 2021, as heightened political and economic uncertainty weighed on investment decisions and sentiment, final data from S&P Global showed on Thursday.
The Chartered Institute of Procurement & Supply services Purchasing Managers' Index posted 48.8 in October, down from 50.0 in September. This was the lowest score since January 2021 but above the flash reading of 47.5.
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Business News
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.