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UK January flash services PMI 48.0 vs 49.7 expected

UK January flash services PMI 48.0 vs 49.7 expected
  • Prior 49.9
  • Manufacturing PMI 46.7 vs 45.5 expected
  • Prior 45.3
  • Composite PMI 47.8 vs 49.1 expected
  • Prior 49.0

That's a steep drop in UK services activity, with the headline reading slumping to a two-year low. There is a bit of reprieve in that manufacturing activity nudged higher but overall, the data highlights a further sustained downturn in the UK economy to start the new year. S&P Global notes that:

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Posted: Jan 24 2023, 09:31
Author Name: forexlive
Views: 110838

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