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U.K. Services Purchasing Managers Index (PMI)

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U.K. Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Apr 04, 2024
Actual
53.1
Forecast
53.4
Previous
53.8
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...
U.K. Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
May 03, 2024 (Apr) 16:30      
Apr 23, 2024 16:30       53.1
Apr 04, 2024 (Mar) 16:30 53.1 53.4 53.8
Mar 21, 2024 17:30   53.4 53.8 53.8
Mar 05, 2024 (Feb) 17:30 53.8 54.3 54.3
Feb 22, 2024 17:30   54.3 54.2 54.3

News

Dollar retreats ahead of PMI data; euro, sterling gain
Dollar retreats ahead of PMI data; euro, sterling gain By Investing.com - Feb 22, 2024

Investing.com - The U.S. dollar retreated in early European trade Thursday, with risk sentiment boosted by Nvidia’s stellar earnings, with traders awaiting the release of key business activity surveys...

Dollar gains as a safe haven ahead of Fed minutes
Dollar gains as a safe haven ahead of Fed minutes By Investing.com - Jul 05, 2023

Investing.com - The U.S. dollar edged higher in early European hours Wednesday as weak Chinese activity data hit risk sentiment ahead of the release of minutes from the Federal Reserve's latest...

Analysis

Chris Turner
FX Daily: Choppy Trading By Chris Turner - Apr 18, 2023

FX markets continue to be buffeted by opposing forces and are struggling to define short-term trends. Despite some positive Chinese activity data, Asian currencies are not rallying, suggesting that...

Chris Turner
FX Daily: Climbing the Wall of Worry By Chris Turner - Mar 07, 2023

USD: How Strong is the US Economy and What Will the Fed Do About It? After a few weeks where US price data has taken centre stage, this week will all be about activity data and Fed speak. On the...

Services PMI Discussion

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