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UK October flash services PMI 49.2 vs 49.3 expected

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... Read More
Posted: Oct 24 2023, 08:37
Author Name: forexlive
Views: 082435

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