FX.co ★ UK's Economic Momentum Slows: S&P Global Composite PMI Declines in July

The economic growth in the United Kingdom showed signs of slowing in July, as the S&P Global Composite PMI slipped from 52.0 in June to 51.0. The index, which provides insights into the overall economic condition derived from manufacturing and services purchasing managers, indicates a slowdown in momentum, though still maintaining a position above the critical 50 mark that separates expansion from contraction.

The data, updated on 24 July 2025, suggests a tempered pace of business activities amid ongoing global economic uncertainties. A PMI reading above 50 typically represents growth, hence a dip to 51.0 indicates the expansion is much more moderate compared to the previous month.

The decrease raises concerns about the resilience of the UK's economy as it navigates a challenging landscape marked by inflationary pressures and turbulent global markets. Economists and businesses alike will be watching closely for future developments in subsequent months, as they adjust their expectations and strategies accordingly.