Skip to Navigation Skip to Posts Skip to Content
🇬🇧 UK services PMI sinks to 48.7 as Starmer's exit leaves the BoE carrying the economy alone
The day in view

🇬🇧 UK services PMI sinks to 48.7 as Starmer's exit leaves the BoE carrying the economy alone

Macro Soup Newsroom Macro Soup Newsroom 3 min read

June's UK flash composite PMI came in at 49.4 (forecast: 50.6) with services at 48.7, back-to-back sub-50 readings that point to flat or negative Q2 GDP. Keir Starmer's resignation on June 22 leaves fiscal policy effectively offline as the Bank of England holds Bank Rate at 3.75%.

Chart of UK Composite PMI (blue bars, left scale) and GDP (green line, right scale) from Jan 2023 to Jul 2026, with red box on recent data.
UK composite PMI eased to 49.4 in June, the second consecutive month below 50 and a sign of stuttering private-sector growth as political leadership turns over again. Source

Read next

Featured Post The week in view

📰 Weekly Macro Roundup: 2026-11-07

3 min read
Paid Post The week in view

🇨🇳 Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares

4 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.