GBP Flash Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Nov 2019, is the earliest and thus tends to have the most impact;
- GBP Flash Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 21, 2024 | 51.2 | 53.0 | 52.9 |
May 23, 2024 | 52.9 | 54.7 | 55.0 |
Apr 23, 2024 | 54.9 | 53.0 | 53.1 |
Mar 21, 2024 | 53.4 | 53.8 | 53.8 |
Feb 22, 2024 | 54.3 | 54.2 | 54.3 |
Jan 24, 2024 | 53.8 | 53.1 | 53.4 |
Dec 15, 2023 | 52.7 | 51.0 | 50.9 |
Nov 23, 2023 | 50.5 | 49.5 | 49.5 |
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- GBP Flash Services PMI News
UK private sector business activity expanded in June at its slowest rate since last November, as a slowing of service sector growth offset a stronger performance in manufacturing. Output at goods producers rose to the greatest degree since April 2022, driven by improved order book intakes and strong business confidence. At the same time, services activity grew at its softest pace for seven months, although survey evidence indicated that the slowdown was partly driven by a pause in client spending decisions during the election period. ...
UK private sector activity registered a solid expansion in May as a resurgence in manufacturing production supplemented a further, albeit slower, upturn in services output. Business activity growth was again accompanied by a rise in new order volumes and an uptick in export sales, but ongoing hiring challenges meant that the rate of job creation remained only marginal. At the same time, UK businesses reported the softest increase in average selling prices for over three years in May, partly linked to a slowdown in input cost ...
UK private sector activity expanded for the sixth consecutive month in April as a robust recovery in service sector output helped to offset a marginal decline in manufacturing production. Output growth was supported by a solid upturn in new order volumes and a modest acceleration in staff hiring, in each case driven by the service economy. April data indicated a steep increase in average cost burdens across the private sector, with the rate of inflation up sharply from March and the highest since May 2023. Stronger input price ...
The Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia before profit-taking emerged. That created a new dollar selling opportunity in early European turnover. The FOMC revised up this year's growth forecast, shaved the unemployment projection, and while maintaining the PCE deflator forecast, and the median dot remained for three cuts this year. The soft-landing scenario was underscored and excited risk appetites. The G10 currencies are mixed ahead of the North American open. The Swiss ...
March data pointed to another solid upturn in output levels across the UK private sector, with the rate of expansion only fractionally slower than February’s nine-month high. This largely reflected increasing business activity in the service economy. Manufacturing production nonetheless turned a corner in March, ending a twelve-month period of decline, amid the fastest rise in new orders since May 2022. Input prices continued to rise at a sharp pace in March, with the rate of inflation the second-fastest since August 2023. Service ...
Business activity across the UK private sector expanded for the fourth consecutive month and at the fastest pace since May 2023, supported by another strong upturn in the service economy. February data highlighted a solid improvement in customer demand, as signalled by the sharpest rise in new work for nine months. Hopes of a sustained rebound in domestic economic conditions led to the highest level of optimism regarding the year ahead business outlook since February 2022. Inflationary pressures remained elevated during the latest ...
video It was a beneficial week for the US dollar, which charged higher after data revealed US inflation is not cooling down as quickly as investors had hoped. Traders were forced to unwind bets of imminent Fed rate cuts in the aftermath, lending the dollar strength through the interest rate channel. Solid economic growth, a tight labor market, and persistently high inflation are a cocktail that makes it very difficult for the Fed to cut interest rates. Markets have finally gotten the message. The timing of the first rate cut has ...
USD was ultimately lower on Wednesday after a rollercoaster of a session. Broad risk-on sentiment early on saw the Dollar Index (DXY) plummet to hit a low of 102.77 until strong S&P Global Flash PMIs coupled with souring risk sentiment after a dismal US 5yr auction saw a sharp turn-around. DXY retaking the 103 handle at session end, with the 50% Fib resistance the level to watch on the upside. chart CAD was under pressure with steep losses against all majors in the aftermath of the BoC rate decision. The Bank of Canada held rates ...
Released on Jun 21, 2024 |
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Released on May 23, 2024 |
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Released on Apr 23, 2024 |
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Released on Mar 21, 2024 |
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Released on Feb 22, 2024 |
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Released on Jan 24, 2024 |
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