UK PMI composite hit 24-month low, decline rate remains only modest

UK PMI Manufacturing rose from 45.3 to 46.7 in January, above expectation of 45.4. However, PMI Services dropped from 49.9 to 48.0, below expectation of 49.6, hitting a 24-month low. PMI Composite dropped from 49.0 to 47.8, a 24-month low too. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “Weaker than expected […]

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