United Kingdom Composite PMI

The S&P Global UK Composite PMI fell to 51.8 in October, down from 52.6 in September, marking the slowest growth since November 2023, though slightly above the preliminary estimate of 51.7. This lower reading reflects weaker growth in both manufacturing (PMI at 49.9 vs 51.5) and services (PMI at 52 vs 52.4), with new orders rising at the slowest pace in four months, leading to a small drop in employment. The pace of job cuts was the fastest since September 2023. On a positive note, input cost inflation eased, especially due to reduced cost pressures in the manufacturing sector.