All the updated news related to chartered institute of procurement and supply

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City

UK service sector shrinks for first time since February 2021

The UK’s service sector shrank last month for the first time since February last year as businesses said they were hit by higher borrowing costs following the fallout from the mini-budget. The S&P Global/CIPS UK services PMI survey showed a reading ...

03 Nov 2022 at 12:13

City

Construction work slows for another month as firms hit by climbing costs

Activity in the UK construction sector contracted for the second month in a row in August as economists warn of trouble ahead for companies hit by rising costs and waning demand. The S&P Global/CIPS construction purchasing managers’ index (PMI), ...

06 Sept 2022 at 12:04

City

Service sector recovers in December but stops short of growth

The UK’s services sector continued to struggle in December, but almost managed to get back into neutral territory, according to an influential survey. The sector saw its best performance since September, and evidence showed that cost increases ...

05 Jan 2023 at 10:48

Recession ‘cannot be ruled out’ as business activity falls again

Activity in the UK’s private sector has fallen for the third consecutive month, leading economists to warn that a recession “cannot be ruled out”. Influential new economic data shows that firms broadly saw a decline in output this month, with ...

24 Oct 2023 at 10:21

Recession ‘more likely’ as key gauge misses expectations

A key gauge of the UK’s economic strength suggests the private sector contracted faster than expected this month, hitting its worst performance since lockdown in early 2021 and sparking warnings of a recession. Companies are also reducing ...

22 Sept 2023 at 10:41

Services sector declines to two-year lows but firms showing ‘cautious optimism’

The UK’s service sector saw its weakest performance for two years this month as businesses battled dampened consumer spending and corporate budgets, according to an influential survey. The S&P Global/CIPS UK services PMI survey showed a ...

03 Feb 2023 at 10:40

City

Service sector continues to contract despite change in government, survey shows

The UK’s difficult economic performance has remained unchanged after the change of government even though markets calmed, experts said on Monday, after new figures showed continued malaise in the important service sector. Remaining at ...

05 Dec 2022 at 11:31

Recession fears grow as UK private sector suffers shock decline

The UK’s private sector suffered a shock downturn in August on the back of lower new orders and higher borrowing costs, ratcheting concerns the economy could enter a recession later this year. It represented the first monthly decline ...

23 Aug 2023 at 15:17

City

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

Efforts to tackle modern day slavery are stalling as the number of companies disclosing anti-slavery measures within their supply chains has nearly halved, according to new analysis. International body the Chartered Institute of ...

03 Apr 2023 at 11:10

Service sector bounces back in January as Omicron curbs ease

The recovery of the UK service sector regained momentum last month as Omicron coronavirus restrictions and case numbers eased back, according to new figures. The closely-watched IHS Markit/CIPS UK Services PMI survey scored 54....

03 Feb 2022 at 11:55

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chartered institute of procurement and supply
cips
s&p global market intelligence
service sector

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