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UK PMI composite fell to 50.7, reigniting recession fears

UK’s economic landscape appears increasingly precarious, as evidenced by disappointing July PMI readings. Manufacturing PMI plunged to a 38-month low of 45.0, from 46.5 and underperforming expectation of 46.1. the Services PMI dipped to a 6-month low of 51.5, falling short of the anticipated 53.1, and down from 53.7. Composite PMI, encapsulating both sectors, dropped […] The post UK PMI composite fell to 50.7, reigniting recession fears appeared first on Action Forex... Read More

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Composite

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50 Reigniting

Recession

Fears

Forex

Posted: Jul 24 2023, 08:41

Author Name: actionforex

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