UK business activity decreases for the first time since April 2025 | Metals Mine

  • UK business activity decreases for the first time since April 2025

    From pmi.spglobal.com

    Latest survey data indicated a setback for the UK service sector as output levels fell for the first time in just over a year. This mostly reflected a sustained reduction in new work. Weaker demand was attributed to elevated risk aversion among clients and pressure on budgets from sharply rising inflation. The headline seasonally adjusted S&P Global UK Services PMI Business Activity Index fell from 52.7 in April to 49.3 in May, to register below the 50.0 no-change value for the first time since April 2025. Although much weaker than the long-run survey average (54.2), the latest reading signalled only a marginal ... (full story)

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    Ueda: Economic Activity and Prices, and Monetary Policy in Japan

    From boj.or.jp|16 hr ago|43 comments

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    Global economic outlook weakens amid energy shock and rising inflationary pressures

    From oecd.org|17 hr ago|5 comments

    The evolving conflict in the Middle East has become the dominant force shaping global economic prospects, prompting an energy shock that is driving inflationary pressures and is ...

    Germany: Service sector remains in contraction in May, but expectations rebound

    From pmi.spglobal.com|17 hr ago

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