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Evening Standard
Evening Standard
Business
Jonathan Prynn

Blow for Reeves as business output slows sharply in September

Rachel Reeves Bank of England Economy
Rachel Reeves has faced criticism from business over extra burdens on business (Jeff Moore/PA) - (PA Wire)

The UK’s economic growth prospects took a hit today as a key survey showed a sharp slow down in business output in September.

The latest S&P Global Flash UK PMI - a measure closely watched in the City - showed a reading of just 51 this month, down sharply from 53.5 in August. It was a much bigger fall than expected and points to faltering privater sector confidence at the start of the Autumn amid “a litany of worrying news.”

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