6/23, 10:30 AM (Source: TeleTrader)
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UK private sector activity expansion slows in June

The United Kingdom's private sector activity continued to expand in June, albeit at a slightly slower pace, the IHS Markit report released on Wednesday showed. The Flash Composite Output Index stood at 61.7, down from the prior month's record of 62.9.

The Flash UK Services Business Activity Index read the same as the headline index, while the Flash Manufacturing Output Index slipped to 62.0. The Flash Manufacturing PMI was 64.2.

"Businesses are reporting an ongoing surge in demand in June as the economy reopens," IHS Chief Business Economist Chris Williamson said, noting that "there are some signs that the rate of expansion appears to have peaked, as both output and new order growth cooled
slightly from May's record performances."

Breaking the News / MD