UK services sector grows at fastest pace since August

British services sector activity expanded at the fastest rate in nearly a year in June, and the prices they charged rose at the slowest pace in almost four years, according to a survey.

The S&P Global UK Services Purchasing Managers Index rose to 52.8 last month from 50.9 in May.

June’s PMI was slightly stronger than a preliminary estimate of 51.3 for the month and it marked the fastest pace of growth since August 2024.

Prices charged by services firms increased at the weakest rate since February 2021.