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Cyprus Mail12 Jul 2026

British services sector records sharpest contraction since 2023

British services sector records sharpest contraction since 2023

Activity in Britain’s dominant services sector contracted for a second month running in June and by the most since early 2023 as the fallout from the Iran ​war continued to weigh on companies, a closely watched survey has shown.

The S&P Global Purchasing Managers’ Index for the services sector in June fell to 48.8 from May’s 49.3, representing the second fall in a row in activity and the weakest since January ​2023....

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