Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag UK private sector growth slowed sharply in September, with weakening demand and job losses raising stagnation fears.

flag UK private sector activity slowed to its weakest pace since May, with the S&P Global flash composite PMI falling to 51.0 in September from 53.5, signaling a marked deceleration in growth despite remaining above the 50.0 expansion threshold. flag Manufacturing saw its sharpest contraction since March, worsened by weak demand, a cyber attack halting Jaguar Land Rover’s production, and declining export and domestic orders. flag Services activity also dipped, while private sector employment continued to decline, with firms freezing hiring and not replacing workers due to cost pressures, contributing to an estimated 50,000 job losses over three months. flag Although inflationary pressures eased slightly, the overall data reflects weakening demand, rising costs, and deteriorating business confidence, prompting economists to warn of economic stagnation and potential shifts toward a more dovish monetary policy stance by the Bank of England.

79 Articles