UK PMI Services was finalized at 56.5 in July, up from June’s 47.1, best reading since July 2015. PMI Composite was finalized at 57.0, up from 47.7 in June, highest since June 2015.
Tim Moore, Economics Director at IHS Markit: “While the latest survey data provide a number of positive signs that the UK economy is back in expansion mode, the weakness of the employment figures reported in July is clearly a cause for concern and likely to hold back the longer-term recovery in business and consumer spending.”
