Britain's services sector hits 2023 low

Recent data showed that the services sector in Britain contracted for the second consecutive month in June 2026, recording the weakest performance since the beginning of 2023. The purchasing managers' index (PMI) fell to 48.8 from 49.3 in May, reflecting a decline in demand and increasing political concerns, along with inflation pressures and rising costs. Employment continued to shrink for the 21st month in a row, with companies' outlooks for the coming months becoming more subdued.

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