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Activity in the UK private services sector rose at the fastest rate in 10 months while growth in the prices businesses charge slowed, according to a closely watched survey published on Thursday.
The S&P Global UK Services PMI final index rose to 52.8 in June, up from 50.9 in May and the highest since August 2024. The latest reading was above the earlier June estimate of 51.3, and was “indicative of a solid rate of business activity expansion”, S&P said.
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.”
The survey also showed that growth in businesses’ costs eased for the second month, running at its lowest in 2025 so far and contributing to the weakest rise in prices charged by service providers for nearly four-and-a-half years.