The UK service sector growth softened in July as new business intakes swung back into contraction, survey results from S&P Global showed on Tuesday.
The headline services Purchasing Managers' Index dropped to 51.8 in July from 52.8 in June. The score has remained above the neutral 50.0 mark for the third straight month and also above the initial estimate of 51.2.
Total new work contracted at the fastest pace since November 2022. Export sales also declined in July, which was linked to fragile global economic conditions and elevated geopolitical tensions.
For comments and feedback contact: editorial@rttnews.com
Business News
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.