UK PMI composite unchanged at 53.1, troubling combination of recession and inflation into H2

UK PMI Manufacturing dropped from 54.6 to 53.4 in June, below expectation of 53.8. That’s the lowest level in 23 months. PMI Services was unchanged at 53.4, above expectation of 53.0. PMI Composite was unchanged at 53.1. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The weakness of the broad flow of […]

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