UK economic growth slowed again in August

LONDON: Britain's post-lockdown economic bounce-back slowed sharply in August as companies struggled with unprecedented shortages of staff and materials, but strong inflation pressures cooled a bit, a survey showed on Monday.

The IHS Markit/CIPS flash composite PMI dropped for the third month in a row, sinking to 55.3 from 59.2 in July, its lowest since February and a sharper fall than a median forecast of 58.4 in a Reuters poll of economists.