Prior 49.3Final Composite PMI 49.3 vs 49.4 prelimPrior 49.7Key findings:Activity falls to greatest extent for nearly three and a half years New orders decrease for fourth month in a row Input cost inflation eases to its lowest since MarchComment:Tim Moore, Economics Director at S&P Global Market Intelligence, said: "June data confirmed a clear loss of momentum for the UK economy during the second quarter of 2026, following a positive start to the year. The latest survey indicated a decline in service sector activity for the second month running and, although only modest, the rate of decline was the steepest since January 2023. "Strong cost pressures, lacklustre demand and business uncertainties arising from the Middle East conflict were the most prominent themes highlighted by service sector firms in June. This led to fragile investment sentiment, elevated risk aversion among clients and squeezed consumer budgets, which in turn contributed to the fastest reduction in new work for just over three-and-a-half years. "There was better news on the inflation front, as the latest increase in input prices was the slowest since March and well below April's recent peak. This was largely due to lower fuel prices, but there were still many reports of suppliers passing on higher transport, wage and raw material costs in June. "Service sector business optimism improved since May, but remained much softer than at the start of 2026. The marginal uplift in confidence was supported by hopes of a durable US-Iran ceasefire agreement and positivity towards business development plans. However, many firms noted worries about broader UK economic prospects." This article was written by Giuseppe Dellamotta at investinglive.com.