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    Business expectations slump to weakest since May 2020

    Abstract:June data indicated that output growth across the UK private sector was unchanged from the 15-month low seen in May

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      Key findings:

      Flash UK PMI Composite Output Index(1) at 53.1

      (May: 53.1). Unchanged since previous month.

      Flash UK Services PMI Business Activity Index(2) at

      53.4 (May: 53.4). Unchanged since previous month.

      Flash UK Manufacturing Output Index(3) at 51.2

      (May: 51.6). 16-month low.

      Flash UK Manufacturing PMI(4) at 53.4 (May: 54.6).

      23-month low.

      Data were collected 13-21 June

      S&P Global / CIPS Flash UK PMI Composite Output Index

      June data indicated that output growth across the UK private

      sector was unchanged from the 15-month low seen in May.

    maxresdefault

      Resilient business activity trends were seen across the

      service economy as a whole, but manufacturing production

      growth eased further to its lowest since February 2021.

      Demand conditions remained subdued in June, with new

      order growth slowing for the fourth month running and to a

      greater extent than seen during May.

      Worries about customer spending cutbacks and the impact

      of rapid inflation on the longer-term economic outlook led to

      another fall in business activity expectations. Optimism at

      UK private sector companies has declined in each month

      since February and is now the lowest for just over two years.

      At 53.1 in June, the headline seasonally adjusted S&P

      Global / CIPS Flash UK Composite Output Index was

      unchanged from the reading in May and posted above the

      neutral 50.0 value for the sixteenth consecutive month.

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    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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