IHS Markit Flash UK Composite Output Index has arrived at 71.7
Inflationary pressures on UK businesses reached record highs this month, but growth has been reduced from an all-time high in May as COVID restrictions eased.
This has shown one of the most robust month increases in business activity over 20 years, according to the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI).
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The IHS Markit Flash UK Composite Output Index appeared in 71.7, 1.2 shyness of the record.
IHS Markit said the companies hired staff at “unprecedented rates” in response to a rapid increase in workload.
The study also noted the fact that input and output costs reached new highs in supply chain disruptions.
“We are pleased to announce that we are committed to providing a range of services and services to our customers,” said Chris Williamson, chief business economist at IHS Markit. decline. “
“There are some indications that the expansion rate appears to have peaked as both production and new order growth has cooled slightly from record performance in May, but nonetheless, the full order has been the Books and more relaxed should help ensure growth. We’ll go through the summer.”
Danni Hewson, AJ Bell Financial Analyst comment on today’s Flash PMI figure.
“The latest Flash PMI figures set the tone ahead of the Bank of England’s interest rate decisions for tomorrow. The supply chain is still solid and some materials are still difficult to get. “The companies are slowing down their efforts to buy in advance at premiums. All of these cost pressures inform the bumpy era in which they go their way and continue to inflation on their upward orbit.”
“If you add to the talent shortages that the industry feels like, like hospitality, you have recipes that require companies to weigh and weigh whether it’s better for them to reduce weight loss or scale their wages. The end of the Furlough scheme was able to solve that problem. It really lets people who are still cushioned know how many people are looking for a substantial post or looking for a new post. yeah.”
