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UK Private Sector Output Falls as Inflation Hits a Record in November

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The UK Composite Output Index was at a two-month low of 57.7 in November, a decline from 57.8 in October.

Source: IHS Markit

Alt: UK Composite Output Index

UK Composite Output Index

FTSE 100 is down -0.21%, GBPUSD is down -0.13%.

Services Business Activity Index was at a 2-month low of 58.6, down from 59.1 in October.

The Manufacturing Output Index hit a 3-month high of 52.9, up from 51.3 in October. Manufacturing PMI was also at a 3-month high of 58.2, from 57.8 in October.

UK private sector output and margins were held back by inflation, with input charges rising at the fastest since January 1998.

Consumer demand continued to surge, with the rate of new orders increasing to a five-month high. Exports rose marginally.

Private sector employment rose, albeit at the slowest since April, driven by robust customer demand and rising backlogs.

Existing US Home Sales Increased at Fastest Rate in October Since January

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