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UK April flash services PMI 54.9 vs 52.9 expected

UK April flash services PMI 54.9 vs 52.9 expected
Prior 52.9Manufacturing PMI 46.6 vs 48.5 expectedPrior 47.9Composite PMI 53.9 vs 52.5 expectedPrior 52.2This follows a similar trend to the French and German reports earlier, where the services sector is seen picking up while the manufacturing sector is slumping further instead. On the balance of things, the improvement in services activity is still a net positive for the UK economy (which depends more on it) and is a welcome signal for the BOE at least. S&P Global notes that:“The fastest reboun... Read More
Posted: Apr 21 2023, 08:30
Author Name: forexlive
Views: 110712

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