UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday.
The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
The services Purchasing Managers' Index registered 51.2 in July, down from 52.8 in the previous month. The score was forecast to remain unchanged at 52.8.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.