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UK June final services PMI 53.7 vs 53.7 prelim

UK June final services PMI 53.7 vs 53.7 prelim
Prior 55.2Composite PMI 52.8 vs 52.8 prelimPrior 54.0No change to the initial estimates as the UK services sector growth loses momentum towards the end of Q2. The goods news is that cost pressures are seen easing but worries about the economic climate are evidently starting to take a toll again. S&P Global notes that:"The service sector showed renewed signs of fragility in June as rising interest rates and concerns about the UK economic outlook took their toll on customer demand. Business activi... Read More
Posted: Jul 5 2023, 08:30
Author Name: forexlive
Views: 102556

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