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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.
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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