U.K. Recession Risks Rise As Flash PMI Surveys Signal Deepening Downturn In September

Sep. 24, 2022 5:31 AM ETEWU, EWUS, FKU, HEWU, FLGB1 Comment
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Summary

  • UK economic woes deepened in September as business activity fell at an increased rate, indicating that the economy is likely in recession.
  • Business activity at UK private sector companies fell for a second successive month in September, the rate of decline gathering pace to the fastest since January 2021.
  • The overall easing in input cost inflation in recent months hints strongly at some moderation of consumer price inflation in the months ahead from the current rate of 9.9%, and the slowing in service sector cost growth is especially welcome.

UK economic growth expected to slow down. Supply chain crisis slows economic growth.

Leestat/iStock via Getty Images

UK economic woes deepened in September as business activity fell at an increased rate, indicating that the economy is likely in recession. Companies report that the rising cost of living, linked to the energy crisis, and growing concern about the

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

UK recession risks rise as flash PMI surveys signal deepening downturn in September

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