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UK Private Sector Shrinks Most Since Early 2021

The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. The score was forecast to ease moderately to 49.0.
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