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<Econ Data>UK Aug Composite PMI Drops Surprisingly, First Shrinkage in 1.5 Yrs
The seasonally adjusted S&P Global / CIPS UK Services PMI Business Activity Index continued lower to 50.9 in August from 52.6 previously, with the growth rate being the slowest...
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<Econ Data>UK Aug Composite PMI Drops Surprisingly, First Shrinkage in 1.5 Yrs
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2022/09/05 17:09
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The seasonally adjusted S&P Global / CIPS UK Services PMI Business Activity Index continued lower to 50.9 in August from 52.6 previously, with the growth rate being the slowest in the 18-month expansionary period. The market had forecast earlier the reading to dip to 52.5.

On another note, the seasonally adjusted S&P Global / CIPS UK Composite PMI came in at 49.6 in August, down from 52.1 in July. This marked the first shrinkage of private activities in 18 months. The market had forecast earlier the reading at 50.9.
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