UK firms see small pick-up in June but inflation worries mount -PMI
Growth among British businesses last month was a touch stronger than originally thought but there were further signs of how surging inflation is dragging on new orders, raising fears of a recession, a survey showed on Tuesday. The composite S&P Global/CIPS Purchasing Managers Index – spanning services and manufacturing firms – edged up to 53.7 from a preliminary June reading of 53.1 and was higher than in May when it also came in at 53.1. A PMI for just the service sector similarly rose to 54.3 from the “flash” reading ...
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