- The IHS Markit/CIPS flash composite PMI output index, covering both services and manufacturing, fell further from its all-time high of 62.9 in May, down sharply from 62.2 in June to 57.7 in July.
- Transport, hospitality and other consumer-facing services companies were the hardest hit, though manufacturing also saw growth slow markedly during July.
- Supply shortages pushed up the price of goods, suppliers of services hiked prices and employee pay continued to rise.
For further details see:
Flash U.K. PMI Slides To Four-Month Low As COVID-19 Wave Dampens Economic Growth