• Prior 93.1

The reading is the lowest in nearly 9½ years – lowest since January 2013 – as concerns about inflation weighed on sentiment. That said, demand for labour remains solid as businesses continue to express intent to expand their operations. 34% of business owners said that inflation was their biggest single problem, an increase of six points from May and the highest level since Q4 1980.

This article was written by Justin Low at www.forexlive.com.