The seasonally adjusted
Any reading below 50 indicates contraction in the sector. The latest reading indicates only a marginal rate of contraction during the month.
The composite output index, which combines services and manufacturing, also rose to 50.1 in June from 47.1 in May.
The volume of incoming new business in the service sector was broadly stable in June, which followed the steepest decline seen for nearly five years during the previous two months. At the same time, manufacturing new orders fell in June, after rising slightly in the prior month.
Reflecting the subdued outlook, service providers continued to shed staff in June and the rate of decline remained solid, despite easing since May.
On the price front, inflationary pressures eased in June. Average input prices in the service sector rose at the slowest rate since
"Unfortunately, the recent spike in geopolitical tensions amid the
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