UK Export Orders Fall at Fastest Pace in Five Months, PMI Shows

Demand for British exports declined at the fastest pace since April when US President Donald Trump announced his global tariffs, according to a closely watched survey.

S&P Global’s purchasing managers’ index declined to 51 from a one-year high of 53.5 registered in August, according to provisional estimates published Tuesday. The reading remained above the 50 threshold indicating growth, but was below the 53 expected by economists.

The reading was dragged lower by both services and manufacturing, with the slump in factory output intensifying this month. S&P’s gauge of total new orders from abroad recorded its worst reading in five ...