(CercleFinance.com) – The expansion of the British private sector slowed in July, according to the composite PMI index of S&P Global and CIPS, which stood at 52.8 in flash estimate, a low of 17 months , compared to 53.7 the previous month.
Investigators say the slowdown in production growth reflects weaker demand, as well as supply constraints related to material and labor shortages.
For the record, it is the threshold of 50 that separates the expansion and contraction of a sector’s activity for the PMI indices: the higher the index is above this threshold, the faster the pace of expansion. .
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