FX.co ★ UK Private Sector Activity Grows Further

In June 2025, the S&P Global UK Composite PMI edged up to 50.7 from May's 50.3, surpassing market predictions of 50.5, and indicating a second consecutive period of growth in the UK private sector activity, according to a preliminary estimate. The services sector led this growth with an index reading of 51.3 compared to 50.9 in May, which counterbalanced the less pronounced decline in manufacturing activity, now at 47.7 from 46.4. For the first time since November 2024, there was a rise in new business on the whole, albeit a modest one, driven by an upswing in domestic business and consumer spending. In contrast, export orders continued to decline amid concerns over potential tariffs from the US.