The UK private sector activity expanded at the weakest pace in nearly one-and-a-half years in July, primarily due to weaker demand conditions and ongoing capacity constraints, flash survey results from S&P Global showed on Friday.
The Chartered Institute of Procurement & Supply flash composite output index dropped to 52.8 in July from 53.7 in June. The index was forecast to fall to 52.5.
However, a reading above 50 suggests expansion in the sector.
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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.