UK July last companies PMI 51.eight vs 51.2 prelim

• Prior 52.eight
• Closing Composite PMI 51.5 vs 51.zero prelim
• Prior 52.zero

Key findings:

• Modest enhance in service sector enterprise exercise
• Renewed fall in complete new work
• Sharpest decline in employment since February

Remark:

Tim Moore, Economics Director at S&P World Market
Intelligence, stated:

“UK service suppliers recorded a 3rd consecutive
month-to-month rise in enterprise exercise, however they had been unable
to take care of the expansion charge achieved in June.

“Furthermore, new enterprise intakes swung again into
contraction throughout July, with the downturn so as
books the quickest for simply over two-and-a-half years.
Danger aversion and low confidence amongst shoppers had been
the principle causes offered for sluggish gross sales pipelines,
alongside an unfavourable world financial backdrop.

“Hiring traits had been particularly subdued, with complete
workforce numbers lowering to the best extent
since February. Worries about rising payroll prices had been
cited as the principle issue holding again recruitment.

“Suppliers once more sought to move on rising employment
prices, though the most recent enhance in enter costs
throughout the service economic system was the slowest since
December 2024.

“Regardless of headwinds from robust value pressures and
lacklustre home financial circumstances, service
suppliers stay upbeat total relating to the yr
forward enterprise outlook. Optimism improved since
June, helped by receding considerations about US tariffs and
hopes of a lift to enterprise and shopper spending
from rate of interest cuts within the second half of 2025.”

This text was written by Giuseppe Dellamotta at investinglive.com.