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UK November final services PMI 48.8 vs 48.8 prelim

UK November final services PMI 48.8 vs 48.8 prelim
  • Composite PMI 48.2 vs 48.3 prelim

Little change to the initial estimates as this just reaffirms the fastest fall in new business since January last year. Demand conditions continue to be hit hard amid the cost-of-living crisis and high inflation continues to be a problem for consumption activity. The outlook is bleak as a recession looms large in the UK. S&P Global notes that:

"A further economic co... Read More

Posted: Dec 5 2022, 09:30
Author Name: forexlive
Views: 111568

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