UK PMI composite rises to 50.7, weak growth and softening inflation

The UK economy showed marginal improvement in June, with PMI Composite inching from 50.3 up to 50.7, suggesting the economy is narrowly expanding. PMI Services rose from 50.9 to 51.3, while Manufacturing remained below the 50 threshold, albeit improving from 46.4 to 47.7. S&P Global’s Chris Williamson described the picture as one of “lackluster” activity, […]

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