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UK Purchasing Managers’ Index for the service sector rose slightly in June despite inflation fears

The UK Purchasing Managers’ Index (PMI) for the services sector rose to 54.3 in June, above the original estimate of 53.4.

The composite PMI rose to 53.7 in June, up from 53.1 in May.

A PMI above 50 indicates that the UK economy is continuing to expand.

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