UK private sector business activity expanded at a slower pace in June
June 21, 2024
UK private sector business activity growth slowed in June, rising at a more moderate pace than at any time since November last year. This was due to slower growth in the services sector, while a strong performance in manufacturing has led to a significant increase in goods production since April 2022. The slowdown in the services sector was partly due to the election period, when customers’ spending decisions paused.
