In June the UK services sector grew at it’s fastest rate for 10 months as inflation eased and the “turnaround” with consumers and businesses spending supported the industry.
The S&P Global UK services PMI survey which is closely watched by economists scored 52.8 for the month, up from 50.9 in May.
Tim Moore, economics director at S&P Global Market Intelligence, said: “June data highlighted a modest rebound in UK service sector growth, fuelled by a turnaround in domestic business and consumer spending after a soft patch during the spring.
“Business activity expansion was slightly stronger than the earlier ‘flash’ estimate for June and the fastest seen since August 2024.”
Moore added: “Concerns about elevated payroll costs meant that service providers were reluctant to turn on the hiring taps.
“Employment numbers decreased for the ninth month running and at a faster pace than in May, with job shedding again often attributed to redundancies as well as the non-replacement of voluntary leavers.”
