The UK service sector logged a slowdown in business activity amid weak demand conditions, final survey results from S&P Global showed on Wednesday.
The S&P Global Services Purchasing Managers' Index posted 51.3 in November, down from 52.3 in October. The flash score was 50.5.
British service providers revealed that the growth was hindered by subdued business and consumer confidence, along with uncertainty ahead of the budget, which had resulted in delayed investment decisions and cautious spending patterns.
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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.