UK June PMI: Services Meet Forecast at 51.3, Manufacturing Improves to 47.7

UK PMI Report for June: Services Stable, Manufacturing Rebounds

The United Kingdom’s private sector showed signs of resilience in June as PMI data released Monday highlighted steady services growth and a notable rebound in manufacturing activity.

Services PMI Holds Steady at 51.3

The Preliminary UK Services PMI, compiled by S&P Global/CIPS, increased to 51.3 in June, up from 50.9 in May, matching analysts’ expectations. This signals continued modest expansion in the UK’s dominant service sector, supported by rising consumer demand.

Manufacturing PMI Rebounds to 47.7

The UK Manufacturing PMI climbed to 47.7 from 46.4, exceeding market forecasts of 46.6. Although still in contraction territory (below 50), the uptick indicates easing weakness in factory output and input costs amid improving supply conditions.

GBP/USD Reaction

Following the PMI release, GBP/USD held modest losses, trading just under 1.3450. The pair remains pressured amid broader risk aversion and as traders continue to digest the Bank of England's cautious policy stance.

Composite PMI Also Strengthens

The UK Composite PMI, which combines services and manufacturing, moved higher, suggesting a broad-based improvement in business activity across sectors. However, concerns about inflation persistence and global geopolitical risks continue to cloud the near-term outlook.

Internal Linking Suggestions (for Tredu.com):

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