UK August Services PMI 50.9... Below Expectations
The UK’s August Services Purchasing Managers' Index (PMI) was reported at 50.9 by Markit/CIPS on the 5th (local time).
This is lower than both the forecast and the previous figure of 52.5.
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The Services PMI measures the activity level of purchasing managers in the services sector; a reading above 50 indicates growth in the sector, while below 50 signifies contraction.
This content was produced with the assistance of AI translation services.
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