UK private sector activity logged some growth momentum in October, led by a renewed increase in the manufacturing output along with a mild upturn in the services economy, flash survey results from S&P Global revealed on Friday.
The composite output index rose to 51.1 in October from 50.1 in the previous month. A score above 50 indicates expansion in the sector. The expected reading was 50.6. Nonetheless, the latest reading was weaker than the long-run series average of 53.5.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.