UK Economic Activity Softens in September as Flash Composite PMI Declines

The UK's flash composite Purchasing Managers' Index (PMI) fell to 51.7 in September from 52.5 in August, indicating a softening of economic activity. This decline was primarily driven by weaker services growth, although manufacturing showed more resilience. Input cost inflation accelerated due to higher fuel costs, and the Confederation of British Industry (CBI) retail sales balance also saw a significant drop.