英国6个月期国债 (UK6M) 加自选

标准普尔全球英国服务业采购经理人指数从上个月的一年多高点54.2降至2025年9月的50.8，低于初步估计的51.9。这标志着自4月以来最疲软的扩张速度，因为疲软的经济状况和加剧的市场不确定性对产出增长造成了压力。随后，新的工作只显示出微弱的增长。此外，整个行业的招聘仍然谨慎，许多服务提供商报告称，由于自愿离职没有得到替代，员工人数减少，这表明劳动力扩张的方法受到限制。在成本方面，投入成本通胀在2025年放缓至迄今为止的第二低水平，而产出价格通胀在新工作竞争加剧的情况下降至6月以来的最低水平。尽管如此，9月的商业信心仍然积极，尽管与8月相比乐观情绪有所减弱，仍远低于疫情前的平均水平。

The S&P Global UK Services PMI fell to 50.8 in September 2025 from a more than one-year high of 54.2 in the previous month, revised down from the preliminary estimate of 51.9. This marked the weakest pace of expansion since April, as subdued economic conditions and heightened market uncertainty weighed on output growth. Subsequently, new work showed only a marginal increase. Moreover, hiring remained cautious across the sector, with many service providers reporting lower headcounts due to the non-replacement of voluntary departures—indicating a restrained approach to workforce expansion. On the cost front, input cost inflation moderated to its second-lowest level so far in 2025, while output price inflation eased to its slowest pace since June amid intensified competition for new work. Nevertheless, business confidence remained positive in September, although optimism softened compared to August and remained well below pre-pandemic averages.