Down sharply from 54.4 in May and demonstrably weaker than Reuters’ median forecast of 53.0.
Lowest read since December 2009.
Markit says drop partly due to extra holiday in June, but wide reports of weaker underlying business.
Elsewhere
UK May mortgage approvals 51,098, better than Reuter’s median forecast of 50,300
However, May mortgage lending +0.6% versus +1.0 bln in April, weaker than Reuters’ median forecast of +0.8 bln and lowest since September 2011.
