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The UK S&P Global Composite PMI was revised up to 52.0 in June 2025 from the preliminary 50.7 and up from 50.3 in May, marking the second straight month above the 50.0 growth threshold after April’s brief contraction. Output grew at the fastest pace since September 2024, though the rate of expansion remained modest. New business increased for the first time in seven months, despite continued weakness in export sales. Business optimism for the year ahead eased slightly from May, indicating cautious sentiment. On the cost side, input price inflation slowed to its lowest level so far in 2025, while output price inflation dropped to its weakest since February 2021.

UK Composite PMI Revised Higher

The S&P Global UK Services PMI was revised slightly higher to 52.8 in June 2025 from a preliminary of 51.3, and above May's reading of 50.9. The latest data indicated a faster expansion in the country's services sector - the strongest since August 2024- supported by a renewed improvement in order books. On the price front, input cost inflation eased for the second month running to its lowest in 2025 so far. This contributed to the weakest rise in prices charged by service providers for nearly four-and-a-half years.

UK Services Sector Growth Revised to Near 1-Year High

Producer prices in Jordan shrank by 1.39% year-on-year in May 2025, following a 0.75% decrease in the previous month. This marked the fourth consecutive month of deflation and the steepest fall in producer prices since October 2024, driven by a sharper decline in prices for manufacturing (-1.87% vs -0.94% in April). Meanwhile, costs increased for both mining and quarrying (2.81% vs 0.49%) and electricity (2.16% vs 1.02%). On a monthly basis, producer prices fell by 0.17% in May, easing from a 0.57% drop in the prior month. For the first five months of 2025, producer prices decreased by 0.49% compared to the same period in 2024.

Jordan Producer Prices Drop the Most in 7 Months

The annual inflation rate in Armenia edged down to 3.9% in June 2025 from 4.3% in the previous month. Price growth moderated for food and non-alcoholic beverages (6.2% vs 7.4% in May), housing and utilities (1.2% vs 1.4%) and restaurants and hotels (2.3% vs 2.4%). Additionally, prices slipped further for clothing and footwear (-2.0% vs -1.5%). On the other hand, prices rose at a faster pace for alcoholic beverages and tobacco (6.2% vs 5.8%), transportation (6.0% vs 4.2%) and recreation and culture (1.2% vs 0.6%), while it remained unchanged for education (7.8%). On a monthly basis, consumer prices fell by 1.3% in June, following a 0.3% growth in the previous month.

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