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🇬🇧 UK composite PMI fell to a 13-month low in May while services input costs hit an all-time survey high
The week in view

🇬🇧 UK composite PMI fell to a 13-month low in May while services input costs hit an all-time survey high

Macro Soup Newsroom Macro Soup Newsroom 4 min read

UK composite PMI fell to 48.5 in May while services input costs hit an all-time high in the S&P Global survey. The Bank of England's June 18 Monetary Policy Committee meeting is live, not the cut that gilts are pricing.

Line chart of Flash PMI output indicators for US (blue), UK (orange), Eurozone (purple), and Japan (green) from 2021 to 2026.
S&P Global flash PMI data shows UK private sector activity contracting for the first time in over a year as Middle East conflict weighs on services demand. Source

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