The UK private sector expanded at the slowest pace in six months in July as rising interest rates, high inflation and uncertain economic outlook pose strong headwinds to business activity.
The flash composite output index dropped to a six-month low of 50.7 from 52.8 in the previous month, survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Monday.
Although the score has remained above the crucial 50.0 no-change threshold in each of the past six months, the reading was the weakest in the current sequence of expansion.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.