Agency comments on UK PMI data: private sector lay

Aihucha News, September 22: Since May, the volume of unfinished business in the private sector economy has declined every month. Still, many companies cite staff shortages and recruiting difficulties as factors limiting their ability to do business. Manufacturing reported a particularly sharp decline in backlogs, shrinking at the fastest pace since February. The latest survey shows that the private sector is cutting jobs at the fastest pace since October 2009. Staffing levels fell sharply in both manufacturing and services. Average prices at private sector firms rose strongly in September. This was driven by the services sector and was mainly related to rising operating costs, especially wage payments. However, overall price inflation was the lowest in more than two and a half years.