UK Private Sector Logs Weakest Growth In 7 Months

The UK private sector grew at the slowest pace in seven months in September as the shortage of materials and labor constrained business activity and pushed up inflationary pressures, flash survey data from IHS Markit showed on Thursday. The Chartered Institute of Procurement & Supply composite output index fell to 54.1 from 54.8 in August. The score was also below economists' forecast of 54.5.

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