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UK October flash services PMI 49.2 vs 49.3 expected

Prior 49.3Manufacturing PMI 45.2 vs 44.7 expectedPrior 44.3Composite PMI 48.6 vs 48.7 expectedPrior 48.5The headline reading is a 9-month low and it points to further moderation in overall activity in the services sector. With both manufacturing and services sectors contracting, it indicates a sluggish start to Q4 as the UK economy sits on the brink of a recession. S&P Global notes that:“The UK economy continued to skirt with recession in October, as the increased cost of living, higher interest...
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Posted: Oct 24 2023, 08:37
Author Name: forexlive
Views: 082435