Mumbai, Oct. 24 -- The UK private sector economy regained some momentum in October, with stronger output growth underpinned by another modest upturn in the service economy and the first expansion of manufacturing production for 12 months. New business volumes also increased in October, which contributed to the least marked rate of private sector job shedding since May.
At the same time, input price pressures moderated to the lowest since November 2024. This led to a slower rate of output charge inflation, driven by a weaker uplift in service sector prices.
Adjusted for seasonal factors, the headline S&P Global Flash UK PMI Composite Output Index registered 51.1 in October, up from 50.1 in September and above the 50.0 no-change value for t...