UK FIRMS GROW AT SLOWEST IN 6 MONTHS AS RATE HIKES WEIGH

Britain's private sector is growing at its weakest pace in six months in July, as orders for businesses stagnate in the face of rising interest rates and still-high inflation, a survey showed on Monday. The S&P Global/CIPS composite Purchasing Managers' Index (PMI) showed a preliminary reading of 50.7, down from 52.8 in June in the biggest month-on-month drop in 11 months.

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