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The Independent UK

Business

Alex Daniel

Private sector output shrinks for first time in more than a year

Chris Williamson SP Global Market Intelligence

The S&P Global flash UK composite purchasing managers’ index dropped to 49.9 in November (PA) - (PA Wire)

Activity across the UK’s private sector contracted in the first weeks of November, amid a slump in business optimism and in the period following the Budget.

The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 49.9 for November, down from 51.8 in October and a 13-month low.

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