UK private sector output expanded at the slowest pace in four months in September amid deceleration in services growth along with continued contraction in the manufacturing production, flash survey results from S&P Global revealed on Tuesday.
The composite output index dropped to 51.0 in September from August's 1-year high of 53.5. Nonetheless, a score above 50 indicates expansion in the sector. The expected reading was 53.0.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.