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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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Status

 
Latest Release
Jul 03, 2024
Actual
52.1
Forecast
51.2
Previous
52.9
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
Aug 05, 2024 (Jul) 04:30      
Jul 24, 2024 04:30     52.5 52.1
Jul 03, 2024 (Jun) 04:30 52.1 51.2 52.9
Jun 21, 2024 04:30   51.2 53.0 52.9
Jun 05, 2024 (May) 04:30 52.9 52.9 55.0
May 23, 2024 04:30   52.9 54.7 55.0

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 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...

Services PMI Discussion

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Sep 03, 2014 2:50
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Services PMI Actual 58.0 Metal Remix UP
 
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