Employment levels in the service sector declined for the first time since
Input costs continued to rise, continuing the trend which began in
Outstanding work decreased for the first time in four months in June. Meanwhile, business activity expectations for the next twelve months was more optimistic compared to the current situation, possibly due to predictions of improvements in incoming new work.
The composite output index, a measure of overall private sector activity, increased to 50 in June from 49.2 in May, signaling stagnation. The increase reflected a rebound in manufacturing activity.
Manufacturing activity data released earlier this week showed an improvement in activity levels due to production and new orders increasing for the first time since March in June. However, employment levels rose at the slowest pace since
Commenting on the service sector performane,
"New policies by
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