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U.K. Services Purchasing Managers Index (PMI)
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Latest Release
Jan 04, 2019
Actual51.2
Forecast50.7
Previous50.4
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.
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.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Feb 05, 2019 (Jan) | 04:30 | 51.2 | |||
| Jan 04, 2019 (Dec) | 04:30 | 51.2 | 50.7 | 50.4 | |
| Dec 05, 2018 (Nov) | 04:30 | 50.4 | 52.5 | 52.2 | |
| Nov 05, 2018 (Oct) | 04:30 | 52.2 | 53.3 | 53.9 | |
| Oct 03, 2018 (Sep) | 03:30 | 53.9 | 54.0 | 54.3 | |
| Sep 05, 2018 (Aug) | 03:30 | 54.3 | 53.9 | 53.5 |
News
UK Services PMI Shows Loss of Momentum amid 'Brexit Anxiety'
By Investing.com - Jan 04, 2019
Investing.com - Even though activity in the UK service sector accelerated last month, the sector is showing a loss of momentum amid escalating uncertainty over the UK's departure from the European...
UK Services PMI Falls to 28-Month Low as Brexit Concerns Intensify
By Investing.com - Dec 05, 2018
Investing.com - Activity in the UK service sector unexpectedly slowed last month, falling to a 28-month low, while business confidence fell to the lowest levels since the Brexit referendum. The UK...
Economic Calendar - Top 5 Things to Watch This Week
By Investing.com - Dec 02, 2018
Investing.com - Signs of progress in trade talks between the United States and China is likely to be the main driver of sentiment this week, as the world's two largest economies agreed to a ceasefire...
Analysis
U.K. GDP Growth Falls To A Six-Month Low
By ORBEX - 4 hours ago
The U.K. was in the forefront last week as both economic data and Brexit related headlines dominated the news. The week started off with the Brexit parliamentary vote. Heading into the vote, there...
2019 Starts In Earnest
By Jeremy Cook - Jan 07, 2019
GBP: Westminster Returns Today sees parliament return to Westminster and a return of focus on sterling that has not been seen since the week of the canceled ‘meaningful vote’ and the...
Forget NFP: Fed Powell Crushes USD, Cements AUD And CAD Bottoms
By Kathy Lien - Jan 04, 2019
10
Daily FX Market Roundup Jan 4, 2019 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. After a week like the one we’ve had, everyone is wondering if 2019 will be a year...
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