The UK services economy grew further midway through the second quarter, although some momentum was lost as expansions in business activity and new orders eased from their 11-month highs seen in April. Nevertheless, there were slight pick-ups in jobs growth and the level of business confidence. Of note was a substantial cooling in the rate of input cost inflation, which fell to its weakest since February 2021. This fed through to output prices, as companies were less aggressive with their price setting. Overall charges for UK services rose at the slowest rate in over three years. The seasonally adjusted S&P Global UK ... (full story)