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The Latest Breaking News from CIPS

Price of consumer goods could surge as shipping costs soar, industry body says

CIPS warns of ‘cracks’ in global supply chain affecting computers, electrical machinery and transport equipment

The Guardian - UK · Feb 1

Nearly a third of bosses report increase in cyber-attacks on their supply chains

CIPS survey shows cyber threats have risen up the list of concerns for procurement managers

The Guardian - UK · Oct 6, 2025

Consumers could face price rises of 20% in 2025, trade experts warn

Global instability and possibility of Trump administration imposing tariffs may disrupt flow of goods

The Guardian - UK · Jan 7, 2025

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Slowdown in private sector growth ‘reignites recession worries’

The closely watched S&P Global /CIPS Flash PMI came in much lower than expected

Evening Standard · Jul 24, 2023

Efforts to tackle modern slavery ‘waning as transparency rules ignored’

Just 29% of organisations required to produce a modern slavery statement have submitted it to the Government registry for 2022, analysis found.

The Independent UK · Apr 2, 2023

Brazil Joins China’s Drive to Boost Yuan’s Global Use

Banco Bocom BBM becomes first lender in South America to join China’s yuan cross-border payments system CIPS, weeks after ICBC’s Brazilian branch was appointed the country’s yuan clearing bank

Caixin Global · Mar 31, 2023

UK economy on brink of recession as Truss takes over, figures show

Activity in manufacturing and services fell last month as businesses struggle with soaring costs

The Guardian - UK · Sep 5, 2022

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Why China's Banks Won't Come to Russia's Rescue

On paper, China's banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share an interest in weakening the dollar's hold on the international financial system.

Bangkok Post · Mar 6, 2022

Services sector growth up by fastest pace for eight months despite price hikes

The IHS Markit/CIPS services PMI survey scored 60.5 in February, up from 54.1 in January and the highest score since last June.

The Independent UK · Mar 3, 2022

Manufacturing grows as supply chain disruption eases

The closely followed IHS/CIPS Purchasing Managers Index scored 58 in February as manufacturers stocked up on products.

The Independent UK · Mar 1, 2022

Analysis: Can China Help Russia Evade SWIFT Banking Sanctions?

The value of the ruble has plummeted following access restrictions placed on several Russian banks to the SWIFT global bank payments system.

Benzinga · Feb 28, 2022

Service sector bounces back in January as Omicron curbs ease

The closely-watched IHS Markit/CIPS UK Services PMI survey scored 54.1 in January, recovering from a 10-month low of 53.6 in December.

The Independent UK · Feb 3, 2022

Omicron drags UK economy to slowest growth in 11 months

The IHS Markit/CIPS flash UK composite PMI report came in at 53.4 for January so far.

The Independent UK · Jan 24, 2022

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