All the updated news related to purchasing managers

All the news related to purchasing managers updated in real time

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Economic growth ‘slowed to a crawl’ as demand weakened

UK private sector growth “slowed to a crawl” in July as weaker customer demand and staff shortages weighed on industry, according to new figures. The closely followed S&P Global/CIPS flash UK composite purchasing managers index (PMI) report showed a ...

22 Jul 2022 at 11:36

Factory slump drags UK economic growth to 18-month low

UK private sector growth has slowed to a new 18-month low after factories were hit by “waning customer demand”, according to new data. The closely followed S&P Global/CIPS flash UK composite purchasing managers index (PMI) report showed a reading ...

23 Aug 2022 at 11:23

Manufacturing sector shrinks for first time since May 2020 as recession looms

For the first time since workers were forced to down tools in the early days of the pandemic, production at the UK’s factories is falling, a new study has suggested. The Purchasing Managers’ Index (PMI) for the manufacturing sector fell to its ...

01 Sept 2022 at 11:27

Economic decline ‘gathers momentum’ as UK output slumps

The UK’s economic downturn has worsened in October, with growth in the private sector slowing to a 21-month low, according to new figures. Output declined for the third month running following a period of political turbulence that has dragged ...

24 Oct 2022 at 11:47

Employment falls in private sector for first time in two years, report finds

The number of people employed by private companies in the UK is falling for the first time in close to two years, as the country is widely thought to be in recession. A new survey found that there has been a reduction in headcounts so far ...

16 Dec 2022 at 10:39

Private sector growth quickening as year goes on, report suggests

Scottish private sector activity is expanding at a quickening rate, according to the Royal Bank of Scotland’s latest Purchasing Managers’ Index (PMI). The report said the seasonally adjusted Scotland Composite Output Index rose again for ...

10 Jul 2023 at 00:01

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,...

24 Oct 2023 at 10:21

British businesses grow at slowest rate in 11 months amid Budget uncertainty

Activity across the UK’s private sector slipped to an 11-month low in October, amid growing business uncertainty ahead of the Autumn Budget. The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 51.7 ...

25 Oct 2024 at 09:41

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Manufacturing growth slows to worst point in 13 months

Manufacturing in the UK is doing worse than at any point for the last 13 months, as exports suffered and the war in Ukraine made buyers more cautious, an influential survey has found. After hitting a three-month high in February, the ...

01 Apr 2022 at 11:25

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 ...

22 Sept 2023 at 10:41

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 ...

23 Aug 2023 at 15:17

Economy continues to weaken, influential report finds

The UK’s economic growth has fallen to a 20-month low so far in September, as the cost of living affects households and the mourning period for the Queen weighed on activity. According to a closely watched survey, the ...

23 Sept 2022 at 10:49

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