The Investor
23 Jun 2026, 09:38
The UK's June PMI data pointed to a mixed economic picture, with manufacturing remaining in expansion territory while the services sector unexpectedly contracted.
The S&P Global Manufacturing PMI came in at 53.1, slightly below expectations of 53.5 and down from 53.9 in May. Despite the modest decline, the reading remains comfortably above the 50 threshold, indicating that factory activity continues to expand and that the manufacturing sector remains one of the brighter spots in the UK economy.
In contrast, the S&P Global Services PMI fell to 48.7 from 49.3 in May, missing forecasts of 50.1 and slipping further into contraction territory. The weaker reading suggests softer demand for services and growing caution among businesses and consumers.
The S&P Global Manufacturing PMI came in at 53.1, slightly below expectations of 53.5 and down from 53.9 in May. Despite the modest decline, the reading remains comfortably above the 50 threshold, indicating that factory activity continues to expand and that the manufacturing sector remains one of the brighter spots in the UK economy.
In contrast, the S&P Global Services PMI fell to 48.7 from 49.3 in May, missing forecasts of 50.1 and slipping further into contraction territory. The weaker reading suggests softer demand for services and growing caution among businesses and consumers.