UK business recovery is losing momentum, with output growth in the services sector significantly slowing in September, according to the latest Business Trends report from accountancy and business advisory firm BDO LLP.
While September witnessed a fifth consecutive month of output growth since levels plummeted to record lows in April, it marked a marginal rise of just 1.01 points last month. This compares to gains of 6.7 points recorded in July and 11.16 points in June.
BDO’s Output Index – which provides the most comprehensive snapshot of business output by weighting macroeconomic data from the UK’s main business surveys – now stands at 77.95, well below the long-term average of 100.
This decline in momentum was driven
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