In response to weaker operating conditions, buying activity fell for the eleventh month in a row with the reduction being the joint-softest recorded this year.
Employment increased to the second-fastest pace in the year to date.
Finally, business sentiment strengthened to the strongest since October 2021 amid economic recovery.
Commenting on the latest survey results, Usamah Bhatti at S&P Global Market Intelligence, said: “The weakened demand and output conditions had a two-fold benefit in the latest data. Pressure on supply chains eased further in June, with average lead times shortening for the second successive month. Though marginal, the degree to which delivery times quickened was the best in over seven years. This also helped ease inflationary pressures, pushing the Input Prices Index to a 28-month low.”
