Economic Buzz: UK service sector recovers in June

The UK service sector recovered in June, a closely-watched survey showed on Thursday, boosted by a pick-up in consumer and business sentiment. The final S&P Global UK services PMI business activity index was 52.8, up from 50.9 in May and the highest since August. It was also above of the preliminary print of 51.3. A reading below the neutral 50.0 benchmark indicates contraction, while one above it suggests expansion. The UK PMI composite output index rose nearly two points, to 52.0 from 50.3 in May.

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