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UK private sector output falls for first time since April 2025 amid downturn in the service economy
Business activity at UK private sector firms decreased in May, ending a 12-month period of expansion. This was driven by a renewed fall in service sector output, which contrasted with a stronger upturn in manufacturing production. Survey respondents widely commented on subdued sales pipelines and fragile confidence among clients in the wake of the Middle East war. Input cost inflation remained steep in May, largely due to fuel surcharges and intense raw material price pressures. That said, the overall rate of input cost inflation moderated slightly from April's 41-month high. At 48.5 in May, the headline seasonally ... (full story)
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#OOTT | Iran's Supreme Leader Has Ordered That Near-Weapons-Grade Uranium Must Stay In Iran – RTRS Cites Two Senior Iranian Sources - Directive Reflects Consensus Among Iranian Establishment *(IR) Reportedly Iran's Supreme Leader has issued a directive that the country's near-weapons-grade uranium should not be sent abroad - press - The two sides have started to narrow some gaps, but deeper splits remain over Tehran's nuclear programme — including the fate of its… 
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After signalling a renewed reduction in private sector business activity in the eurozone during April, provisional PMIŽ survey data for May pointed to a deepening downturn. Sharper falls in output, new orders and employment were recorded, while business confidence slipped lower. A key factor behind the declining activity levels was a further intensification ...
