Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBritain’s private sector activity has plummeted to its weakest level in 14 months, primarily driven by a period of "sustained weakness" within the crucial services industry. The S&P Global flash UK composite purchasing managers’ index (PMI) registered 49.4 for June, a decrease from 49.7 in May, marking the lowest level since April 2025 and falling below the 50.0 threshold that indicates growth. The services sector endured its weakest month in three years with a PMI reading of 48.7, attributed to sharply increasing costs and a drop in customer confidence amid concerns over the Iran war and political uncertainty within the UK. Although manufacturing output saw a temporary uptick due to businesses building safety stocks ahead of potential price increases, manufacturers experienced a softening of new orders, reaching a six-month low. Businesses continued to raise prices in June, albeit at a slower rate than in May, as they reacted to persistent cost pressures stemming from the Middle East conflict and government policy, despite a slight moderation in prices paid. In fullUK economy faces contraction as private sector activity hits 14-month lowThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
UK business growth slumps to 14-month low as service sector shrinks
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBritain’s private sector activity has plummeted to its weakest level in 14 months, primarily driven by a period of "sustained weakness" within the crucial services industry. The S&P Global flash UK composite purchasing managers’ index (PMI) registered 49.4 for June, a decrease from 49.7 in May, marking the lowest level since April 2025 and falling below the 50.0 threshold that indicates growth. The services sector endured its weakest month in three years with a PMI reading of 48.7, attributed to sharply increasing costs and a drop in customer confidence amid concerns over the Iran war and political uncertainty within the UK. Although manufacturing output saw a temporary uptick due to businesses building safety stocks ahead of potential price increases, manufacturers experienced a softening of new orders, reaching a six-month low. Businesses continued to raise prices in June, albeit at a slower rate than in May, as they reacted to persistent cost pressures stemming from the Middle East conflict and government policy, despite a slight moderation in prices paid. In fullUK economy faces contraction as private sector activity hits 14-month lowThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
