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Weakest rise in UK private sector output for six months in July
July data highlighted a considerable slowdown in business activity growth across the UK private sector economy. The latest rise in output levels was the weakest for six months, largely due to flatlining new orders and sharply reduced backlogs of work. Manufacturing companies meanwhile reported the biggest improvement in suppliers’ delivery times since this index began in January 1992. The normalisation of global supply chains helped to boost vendor performance and bring down cost pressures in July. As a result, manufacturers reduced their output charges for the second month running. Across the UK private sector as ... (full story)
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