UK business expectations slump to weakest since May 2020 as new order growth loses considerable momentum in June

UK business expectations slump to weakest since May 2020 as new order growth loses considerable momentum in June

From pmi.spglobal.com

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 ... (full story)

still technically a growing economy even with inflation and rate hikes. quite impressive was expecting worse.

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