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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
Nov 05, 2024
Actual
52.0
Forecast
51.8
Previous
52.4
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
Nov 05, 2024 (Oct) 20:30 52.0 51.8 52.4
Oct 24, 2024 (Oct) 19:30   51.8 52.3 52.4
Oct 03, 2024 (Sep) 19:30 52.4 52.8 53.7
Sep 23, 2024 (Sep) 19:30   52.8 53.5 53.7
Sep 04, 2024 (Aug) 19:30 53.7 53.3 52.5
Aug 22, 2024 (Aug) 19:30   53.3 52.8 52.5

News

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...

Chris Becker
05.07.22 Macro Afternoon By Chris Becker - Jul 05, 2022

Asian share markets are doing well despite the lack of an overnight lead from Wall Street. The defensive USD is keeping Pound Sterling and Euro at bay, with Yen also weakening while the Australian...

Services PMI Discussion

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Sep 03, 2014 16:50
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Services PMI Actual 58.0 Metal Remix UP
 
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