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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom S&P Global Composite PMI fell to 49.7 in May 2026
FMPMonthlyReleased June 2026
United Kingdom S&P Global Composite PMI fell to 49.7 in May 2026, released June 2026, down 2.9 from April's 52.6 reading. The reading matched the 48.5 consensus.
Latest Release
49.700000
Actual
48.500000
Consensus
52.600000
Previous
Median Absolute Error
±0.89
across last 12 releases
Last Call
Jun 2026
Predicted: 47.67
Actual: 49.7
Error: -2.03
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/JPY | ▲ Direct | +0.48 | FOREX | Bullish GBP | → View |
| S&P 500 | ▼ Inverse | −0.45 | INDEX | Bearish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.43 | COMMODITIES | Bullish XAU | → View |
| DAX | ▼ Inverse | −0.39 | INDEX | Bearish DAX | → View |
| Euro STOXX 50 | ▼ Inverse | −0.37 | INDEX | Bearish Euro STOXX 50 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (United Kingdom) was reported at 49.70 in May 2026. This beat the market consensus of 48.50 by 1.20. The reading fell from the previous value of 52.60. Over the past 12 months, the indicator has averaged 51.62, ranging from 48.50 to 53.90 across 19 releases.
WHY IT MATTERS
The trailing three releases averaged 49.73, down from the prior three at 52.87. Volatility over the past year (σ 1.40) is comparable than the prior year (σ 1.53). In June readings over the past 3 years, S&P Global Composite PMI has averaged 51.08.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/JPY (Bullish GBP). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.89.
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Composite PMI - UK
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About S&P Global Composite PMI — United Kingdom
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 49.7, consensus 48.5. Prior reading (May 2026): 48.5. Before that (Apr 2026): 52.6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/JPY (Bullish GBP, r=0.48) — a useful reference for forex-focused traders.