Reported about 1 year ago
A recent industry survey revealed that private sector companies in the UK experienced slower growth and increased pressure to raise prices leading up to the general election. The Purchasing Managers' Index dropped to 51.7 in June, indicating weaker expansion, while inflationary pressures rose due to increased costs in manufacturing and transportation. Despite concerns about prolonged inflation, the report suggests a quarterly growth rate of just over 0.1% and ongoing hiring difficulties in the private sector.
Source: YAHOO