The growth of commercial activity in the United Kingdom.

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The United Kingdom’s private sector activity has expanded less than expected in September, with the abuse of pace since May, such as a decrease in trade abroad, which increases work confidence and highly declining job losses, as speculation is increased around possible tax rise in the autumn budget.

The S& P Global Flash UK PMI Composite, a closely monitored scale for the health of the manufacturing and services sectors, has decreased to its lowest level for a period of four months of 51 in September, from 53.5 in the previous month.

Reading was much lower than 53 expectations by the economists included in LSEG, but still marginally higher than 50 marks, which separate the expansion of contraction.

“I brought a Flash UK PMI survey in September a set of disturbing news including poor growth, declining trade abroad, exacerbation of work confidence, and the loss of the most severe jobs,” said Chris Williamson, S& P Global Market Intelligence, said:

Williamson said that “it is not surprising” that the action expectations were aggravated, given awaiting Additional taxes rise later this year. He added: “The economy is unlikely to achieve any strong gains in the coming months, regardless of interest rate expectations.”

The subjected demand and pressure on corporate margins contributed to a sharp increase in the high costs in another reduction in private sector employment numbers, according to the survey.

Moreover, the expectations of the commercial activity for the coming year decreased to its lowest level in three months in September, when the respondents put the customer’s weak confidence in addition to the increasing political and economic uncertainty.

“Perhaps the only good news is that, just as the Bank of England is increasingly increasingly concerned about the high continuous inflation, the Procurement Manager Index indicated that price pressures were managed in September,” Williamson said.