The UK private sector expanded at the slowest pace in six months in July as rising interest rates, high inflation and uncertain economic outlook pose strong headwinds to business activity.
The flash composite output index dropped to a six-month low of 50.7 from 52.8 in the previous month, survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Monday.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.