“UK private sector shrinks for first time since 2016
NEWSFLASH: Britain’s service sector slowed to near stagnation last month, as the wider private sector went into contraction.
That’s according to Markit’s latest survey of UK purchasing managers, just released, which suggests the UK contracted slightly in the April-June quarter.
Service providers reported that business activity was “close to stagnation in June”, Markit says, with subdued client demand and a further reduction in “work-in-hand”.”
UK recession fears mount as private sector output slumps - business live | Business | The Guardian
NEWSFLASH: Britain’s service sector slowed to near stagnation last month, as the wider private sector went into contraction.
That’s according to Markit’s latest survey of UK purchasing managers, just released, which suggests the UK contracted slightly in the April-June quarter.
Service providers reported that business activity was “close to stagnation in June”, Markit says, with subdued client demand and a further reduction in “work-in-hand”.”
UK recession fears mount as private sector output slumps - business live | Business | The Guardian
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