January 15, 2025
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The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future prospects, slipped to a nine-month low. Staff being forced to isolate after being exposed to a case of Covid-19 was one driver of this slowdown, according to businesses’ responses. It has worsened existing staff shortages in sectors such as hospitality, according to the survey, which is compiled by research company IHS Markit and industry body, the Chartered Institute of Procurement and Supply. Some 600,000 people were pinged by the Covid-19 NHS app this week, thanks to a sharp rise in infections and after the government pressed ahead with lifting restrictions. On an index where any score above 50 indicates growth, the UK’s private sector hit 57.7 in July, down from 62.2 in June.

independent– The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future