Breaking News

U.K. Services Purchasing Managers Index (PMI)

Latest Release

Jan 24, 2023

Actual

48.0

Forecast

49.6

49.9

The Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.

Importance:

Country:

Currency: GBP

Source: The Chartered Institute of Pur...

Release Date	Time	Actual	Forecast	Previous
Feb 03, 2023 (Jan)	17:30		48.0	48.0
Jan 24, 2023	17:30	48.0	49.6	49.9
Jan 05, 2023 (Dec)	17:30	49.9	50.0	48.8
Dec 16, 2022	17:30	50.0	49.2	48.8
Dec 05, 2022 (Nov)	17:30	48.8	48.8	48.8
Nov 23, 2022	17:30	48.8	48.0	48.8

News

U.K. economy likely shrunk again in November; composite PMI edges up to 49.0 By Investing.com - Dec 16, 2022

By Geoffrey Smith Investing.com -- The U.K. economy appears to have shrunk again in November, as a stabilization in services failed to completely offset a slump in manufacturing. The composite...

U.K. economy pulled out of freefall in October, but no rebound yet By Investing.com - Nov 23, 2022

By Geoffrey Smith Investing.com -- The precipitous drop in U.K. economic activity stopped in November as the return of orthodox fiscal policy under new Prime Minister Rishi Sunak eased fears of...

European Stocks Lower; Bank of England Meeting Looms By Investing.com - Nov 03, 2022

By Peter Nurse Investing.com - European stock markets fell Thursday as another hefty hike by the Federal Reserve and weak Chinese economic data raised global recession fears, ahead of a policy...

Analysis

Week Ahead: Stocks May Briefly Bounce; Oil Sell-Off Could Extend; Bitcoin To $10K By Pinchas Cohen/Investing.com - Jun 19, 2022

S&P 500 has fallen for 10th out of 11 weeks SPX joins NASDAQ and Russell in bear market Dow within a hair of 20% decline Bitcoin completes massive bearish top, aiming below $10K After both the S&P...

Week Ahead: After Earnings Fail To Lift Markets, Hopes Hinge On Softer Fed Hikes By Pinchas Cohen/Investing.com - May 01, 2022

Overall, mega-cap earnings don't lift markets S&P 500 sees worst daily drop on Friday since June 2020; worst monthly decline since pandemic start NASDAQ sees worst month since 2008 Equity bulls...

Week Ahead: Positive Equity Seasonality To Be Tested By Ongoing Risks, Volatility By Pinchas Cohen/Investing.com - Apr 03, 2022

April historically the best month for stocks But volatility, driven by array of ongoing headwinds, expected to continue Russia-Ukraine conflict, Fed policy two biggest potential catalysts Though April...

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