UK June flash services PMI 51.2 vs 53.0 expected ...Middle East

Prior 52.9Manufacturing PMI 51.4 vs 51.3 expectedPrior 51.2Composite PMI 51.7 vs 53.1 expectedPrior 53.0Election jitters starting to creep in? The headline reading is a 7-month low and that is weighing on the overall UK business activity for June. The only bright side is that manufacturing conditions are seen improving further, with the reading there being a 23-month high. Going back to services activity, S&P Global notes that there is some evidence that the slowdown was partly driven by a pause in client spending decisions ahead of the election period.“Flash PMI survey data for June signal a slowing in the pace of economic growth, indicating that GDP is now growing at a sluggish quarterly r

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