UK service sector growth bounces back to three-month high

The UK service sector has experienced a recovery, with growth reaching a three-month high in July. According to the S P Global UK services PMI survey, the reading for July rose to 52.1, marking a notable increase from the 48.8 recorded in June. This data indicates a positive shift in the performance of the services industry within the United Kingdom, rebounding from the previous month's lower figures to achieve a stronger growth trajectory.