UK Business Activity Hits 13-Month Low Due to Middle East War

Business activity in the United Kingdom is declining amid a “perfect storm” of economic factors, said Chris Williamson , chief business economist at S&P Global Market Intelligence . The S&P Global Flash UK PMI composite output index, which gauges activity in the private manufacturing and services sector, dipped to a 13-month low of 48.5 in May from 52.6 in April, according to a Thursday (May 21) press release . economy is facing a perfect storm, as rising political uncertainty adds to