Breaking News

U.K. Services Purchasing Managers Index (PMI)

Latest Release

Jun 05, 2023

Actual

55.2

Forecast

55.1

55.9

The Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the GBP, while a weaker than forecast reading is generally negative (bearish) for the GBP.

Importance:

Country:

Currency: GBP

Source: The Chartered Institute of Pur...

Release Date	Time	Actual	Forecast	Previous
Jun 05, 2023 (May)	10:30	55.2	55.1	55.9
May 23, 2023	10:30	55.1	55.5	55.9
May 04, 2023 (Apr)	10:30	55.9	54.9	52.9
Apr 21, 2023	10:30	54.9	53.0	52.9
Apr 05, 2023 (Mar)	10:30	52.9	52.8	53.5
Mar 24, 2023	11:30	52.8	53.0	53.5

News

Dollar climbs on expectations of a still hawkish Fed By Investing.com - Jun 05, 2023

Investing.com -- The U.S. dollar climbed higher in early European trade Monday after a healthy jobs report prompted traders to price in a continuation of the Federal Reserve’s hawkish stance. At 03:15...

European stock futures mixed; U.K. retail sales slump, PMIs due By Investing.com - Apr 21, 2023

By Peter Nurse Investing.com - European stock markets are expected to open in a mixed fashion Friday with an economic data deluge set to offer more clues about the extent of the regional slowdown. At...

U.K. composite PMI signals economy returns to growth in February By Investing.com - Feb 21, 2023

By Geoffrey Smith Investing.com -- The British economy is set to grow for the first time in six months in February, a closely-watched business survey indicated on Tuesday. The composite purchasing...

Analysis

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...

FX Daily: Climbing the Wall of Worry By Chris Turner - Mar 06, 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...

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...

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