Impacted by the Iran war, the UK services PMI fell to 48.8 in June.
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According to reports, due to the impact of the Iran war, the UK’s June services PMI final value dropped from 49.3 in May to 48.8, marking the lowest level since January 2023. The rate of decline in new business reached its fastest pace since November 2022, as companies express concerns about the successor to UK Prime Minister Starmer, fiscal policy, and global inflationary pressures.
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