Intensifying cost pressures emerged as a major concern, driven by higher expenses for fuel, computer hardware, and raw materials. To counter margin compression, services firms demonstrated pricing power by hiking prices charged at the fastest pace in over three years. Despite current activity picking up, 12-month business optimism slipped to its lowest level since May, weighed down by higher interest rates, subdued client confidence, and the upcoming election period. S&P Global noted that the rebound's longevity remains uncertain, partly reflecting potential payback after August's heatwave disruptions alongside heightened risks of energy-driven inflation pass-through.