-
UK service sector recovery gains momentum
PMI® survey data from S&P Global illustrated that the post-election upturn in business activity and new work was sustained in August. This was accompanied by easing inflationary pressures across the service economy. The headline seasonally adjusted S&P Global UK Services PMI® Business Activity Index registered 53.7 in August, up from 52.5 in July and above the neutral 50.0 threshold for the tenth consecutive month. Business activity growth has now rebounded to its highest since April. Although indicative of a solid upturn in service sector output, the latest reading was still slightly below the long-run survey ... (full story)
- Comments
- Subscribe
-
- Older Stories
From pmi.spglobal.com|Sep 4, 2024The latest HCOB PMI® survey showed a further loss of momentum across the German service sector as growth in business activity eased for the third month running in August. It also ...
From youtube.com/markets|Sep 4, 2024Goldman Sachs cited shrinking copper demand in China as it slashed its price forecast on the metal for 2025 by almost $5,000. Mike McGlone of Bloomberg Intelligence has more. -
From imf.org|Sep 4, 2024|1 commentAs inflation began to rise in 2021, most policymakers and analysts predicted that the increase would be neither particularly large nor persistent. But by 2022, inflation had ...
-
- Newer Stories
From bnnbloomberg.ca|Sep 4, 2024video One veteran economist says he expects the Bank of Canada to lower its key policy rate by 25 basis points Wednesday while signalling more cuts ahead, but says he disagreed ...
From brecorder.com|Sep 4, 2024London copper prices inched higher on Wednesday, supported by dip-buying after the market sank to a two-week low in the previous session and signs of a demand pickup in China. ...
From tickmill.com|Sep 4, 2024Copper prices remain under heavy selling pressure through the middle of the weak with the futures market now down more than 5% from the week’s highs. The move comes amidst ...
- Story Stats
- Posted: Sep 4, 2024 4:30am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 4,025
- Linked event:
