The Cabinet Office reported on Monday that its preliminary index of coincident economic indicators for June fell 2.0 points from the previous month.
The near-term outlook is no better. The index of leading economic indicators fell 2.6 points in June.
In contrast, the US economy is looking more resilient. The Federal Reserve reported on Monday that borrowing by consumers and businesses rose in the week ended 25 July to $7.1 trillion, the most since the end of the last recession.