S&P Global: UK Flash PMI Falls to 14-month Low in June
Britain's private sector output remained in the contraction zone in June, mainly driven by sustained weakness in the services sector amid a decline in new business volumes, flash data from S&P Global showed Tuesday.The S&P Global Flash UK PMI Composite Output Index hit a 14-month low of 49.4 in June, compared with 49.7 in the previous month and the expected 50.6.Meanwhile, the manufacturing PMI declined to a three-month low of 53.1 from the prior 53.9 and the Investing.com consensus of 53.5. On the services side, the PMI came in at 48.7, against the previous 49.3 and the market forecast of 50.1.