The UK service sector growth eased markedly in September amid sluggish demand conditions, survey results from S&P Global showed on Friday.The headline services The Purchasing Managers' Index dropped to 50.8 in September from August's 16-month high of 54.2. This was below the flash score of 51.9. Nonetheless, a reading above 50 indicates expansion in the sector.New orders rose only marginally in Se...
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Business News
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.