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UK July Services PMI rises to 52.1, signaling modest growth as input cost pressures ease (FXB:NYSEARCA)

UK July manufacturing PMI edges down to 51.9, input inflation eases

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UK July Services PMI rises to 52.1, signaling modest growth as input cost pressures ease (FXB:NYSEARCA)
Image Source: Seeking Alpha

UK July manufacturing PMI edges down to 51.9, input inflation eases

UK July Services PMI rises to 52.1, signaling modest growth as input cost pressures ease (FXB:NYSEARCA) | Seeking Alpha

The headline seasonally adjusted S&P Global UK Services PMI Business Activity Index registered 52.1 in July, up from 48.8 in June.

Although the highest since April, the latest reading was still below its long-run average (54.2) and indicated only a modest rate of business activity expansion.

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This article is sourced from Seeking Alpha. It is for informational purposes only and does not constitute investment advice.

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