London: The UK economy recorded a slight contraction in June, weighed down by weaker activity in the services sector, the main driver of economic growth in the United Kingdom.

According to Emirates News Agency, data from the UK Composite Purchasing Managers' Index (PMI), which measures economic activity across various sectors, showed the index declined to 49.3 in June from 49.7 in May. This marks the second consecutive month the index has fallen below the 50.0 threshold, which separates growth from contraction.

The decline was primarily attributed to weaker performance in the services sector, which accounts for around three-quarters of the UK economy. This slowdown in services activities has pushed the broader private sector into contraction during the month.