June data continued to signal a turnaround in business conditions across the UK service sector. The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI® Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June. As a result, the latest reading was well above April's survey-record low (13.4), but still under the neutral 50.0 threshold. Around 33% of the survey panel reported a drop in business activity during June, while 28% signalled an expansion. The proportion of service providers ... (full story)