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