According to Lloyds Bank’s latest UK Sector Tracker, the transportation sector – which includes airlines, hauliers and rail operators – was impacted by national rail strikes and staff shortages, which resulted in the fastest fall in activity of any sector monitored.
In addition, 10 sectors reported falling demand (vs. nine in June), representing the highest number since June 2020.
An unwinding of post-pandemic pent-up demand and increases in the cost of living also impacted tourism and recreation – which includes travel agents and tour operators.
