RBC Capital Markets analyst Cathal Kennedy said June's preliminary UK composite PMI, which measures services and manufacturing activity, fell to 49.4 from 49.7 in May and missed the Wall Street Journal survey economists' average forecast of 50.3, suggesting GDP growth may slow sharply over the coming quarters.

2026-06-23

RBC Capital Markets analyst Cathal Kennedy said June's preliminary UK composite PMI, which measures services and manufacturing activity, fell to 49.4 from 49.7 in May and missed the Wall Street Journal survey economists' average forecast of 50.3, suggesting GDP growth may slow sharply over the coming quarters.