fromLondon Business News | Londonlovesbusiness.com
18 hours agoSMEs 'are stuck in wait mode' amid Reeve's Budget weighs on confidence - London Business News | Londonlovesbusiness.com
BDO's Output Index rose to 97.49 in October, up from 96.25 in September. This marks its largest monthly improvement since December 2024, when the UK economy grew off the back of strong consumer-facing sectors, including leisure activities such as pubs and bars, likely boosted by last year's festive period. Both the services and manufacturing sectors contributed to October's rise, with easing cost pressures such as lower-than-expected inflation, which in turn increased domestic demand driving improvement in services output.