FX.co ★ UK Composite PMI Revised Higher

The UK's S&P Global Composite PMI was adjusted upward to 52.0 for June 2025, compared to the preliminary figure of 50.7 and an increase from May’s 50.3. This marks the second consecutive month above the critical 50.0 growth threshold, following a brief contraction in April. Business output showed its highest growth rate since September 2024, although the overall expansion remained modest. Notably, new business experienced its first increase in seven months, despite persistent weakness in export sales. Business optimism for the forthcoming year slightly declined from May, reflecting a more cautious outlook. Regarding costs, input price inflation has slowed to its lowest point in 2025 thus far, while output price inflation has decreased to its weakest level since February 2021.