India, July 24 -- UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday.
The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
The services Purchasing Managers' Index registered 51.2 in July, down from 52.8 in the previous month. The score was forecast to remain unchanged at 52.8.
The factory PMI improved to 48.2 in July from 47.7 a month ago. The score was seen at 48.1.
Employment decreased at the fastest pace since February. Companies reduced headcounts in response to higher payroll costs and subdued customer demand.
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