June data from the S&P Global Flash UK PMI* survey revealed a sustained recovery in private sector output after the brief dip seen in April New business volumes returned to growth, ending a six-month period of contraction, a though the upturn was largely confined to the service economy. Meanwhile, manufacturers posted another export-led decline in order books. This was manly attributed to the impact of US tariffs, rising geopolitical uncertainty and intense price competition in major global markets. Businesses also highlighted a further easing of output charge inflation from April's recent peak. The latest ... (full story)