The UK private sector logged only a marginal growth in August largely due to relatively muted customer demand and shortages of labor and inputs, flash survey results from S&P Global and Chartered Institute of Procurement & Supply showed Tuesday.
The flash composite output index fell to 50.9 in August from 52.1 in the previous month. The reading was also below economists' forecast of 51.1.
A score above 50.0 indicates expansion. The latest pace of growth was the slowest seen over the past eighteen consecutive months.
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by Renju Jaya
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