UK S&P Global Composite PMI Final (Jul) 52.2 vs. Exp. 52.1 (Prev. 49.3)

"More supportive market conditions meant that new work picked up for the first time in five months, although the rate of expansion was still sluggish in comparison to historic trends." "On a positive note, business activity expectations picked for the second month running and reached the highest level since February. Stronger growth projections for the year ahead partly reflected hopes of de-escalating Middle East tensions and recent signs of easing inflationary pressures." "While service providers continued to experience elevated cost pressures and logistics challenges in July, the latest increase in overall input prices was the slowest for five months and well below the peak seen in April."