British business activity expanded modestly in June as new orders grew for the first time this year but employers cut jobs more quickly and worried about the conflict in the Middle East, a survey showed on Monday.
The S&P Global UK Composite Purchasing Managers’ Index (PMI), a gauge of the private sector economy, rose to 50.7 from 50.3 in May – inching further above the 50.0 growth threshold. A Reuters
