UK Growth Cools in September as Services Hold Steady but Manufacturing Falters

The UK private sector slowed in September as the S&P Global Flash UK Composite PMI Output Index fell to 51.0, down sharply from August’s 12-month high of 53.5. While a reading above 50.0 still indicates growth, this was the weakest pace since May, signaling that the UK economy’s momentum is beginning to fade.