UK Composite PMI Falls to 49.4 in June, Signals Economic Growth Slowdown

According to Cathal Kennedy, an analyst at RBC Capital Markets, on June 23, the UK's composite PMI for June fell to 49.4 from 49.7 in May, missing the median economist forecast of 50.3 surveyed by the Wall Street Journal. The decline in the index, which measures service and manufacturing activity, suggests economic growth may slow significantly in the coming quarters.
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