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UK services sector growth accelerates to fastest pace in nearly a year

Published 03/07/2025, 09:46
UK services sector growth accelerates to fastest pace in nearly a year
SPGI
-0.85%

Investing.com -- The British services sector activity expanded at the fastest rate in nearly a year in June, according to a survey released Thursday.

The S&P Global UK Services Purchasing Managers Index (PMI) rose to 52.8 in June from 50.9 in May.

This reading exceeded the preliminary estimate of 51.3 for the month.

The June figure represents the strongest pace of growth in the services sector since August 2024, marking a significant improvement in activity.

This positive data from the services sector, which makes up a large portion of the UK economy, is expected to be viewed favorably by the Bank of England as it assesses economic conditions.

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