UK business activity expands in ‘encouraging start to second half of year’
by Phillip Inman from Economics | The Guardian on (#6PF8F)
S&P Global flash composite purchasing managers' index shows July rise for manufacturing and services sectors
UK business activity expanded this month after a sharp rise in new sales to a 15-month high, giving a lift to the new government as it prepares to outline the state of the public finances next week, according to a survey of private-sector firms.
A fall in inflation across the services sector was also expected to ease concerns at the Bank of England about persistent price rises before a meeting of the central bank's policymakers next week.
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