Analyst: UK PMI preliminary data indicates that GDP growth will slow significantly.

Golden Finance reported that on June 23, Cathal Kennedy, an analyst at Royal Bank of Canada Capital Markets, said in a report that the UK’s preliminary June PMI data suggests that economic growth may significantly slow over the coming quarters. The UK composite PMI preliminary figure, which measures service and manufacturing activity, fell to 49.4 in June, down from 49.7 in May, and was weaker than the 50.3 average expectation given by economists surveyed by The Wall Street Journal.
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