The UK service sector continued to expand in September but severe supply constraints lifted inflationary pressures, final survey data from IHS Markit showed on Tuesday.
The Chartered Institute of Procurement & Supply final services Purchasing Managers' Index registered 55.4 in September, up slightly from August's six-month low of 55.0 and the flash 54.6.
New order growth weakened for the fourth month in a row. Staff shortages, supply issues and the end of the stamp duty holiday were among the most commonly cited reasons for softer demand.
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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.