LONDON (AFX) - The UK Chartered Institute of Purchasing and Supply reported that its service sector Business Activity index fell to a seasonally adjusted 50.3 in July from an unrevised 52.1 the previous month, according to market sources.
The following table provides a breakdown of the results of the CIPS' latest survey. A reading above 50 signals expansion, below it contraction. The greater the divergence, the more rapid the rate of change. All figures, with the exception of business expectations, are seasonally adjusted.
________________July June May
Business activity 50.3 52.1 52.0
New business 50.8 52.3 53.3
Outstanding business 45.2 48.3 48.6
Business expectations70.5 73.9 72.9
Employment 50.2 50.3 51.8
Prices charged 50.3 50.3 50.6
Input prices 54.1 54.9 55.7