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U.K. Services Purchasing Managers Index (PMI)
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Latest Release
Sep 05, 2018
Actual54.3
Forecast53.9
Previous53.5
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 | |
|---|---|---|---|---|---|
| Oct 03, 2018 (Sep) | 04:30 | 54.3 | |||
| Sep 05, 2018 (Aug) | 04:30 | 54.3 | 53.9 | 53.5 | |
| Aug 03, 2018 (Jul) | 04:30 | 53.5 | 54.7 | 55.1 | |
| Jul 04, 2018 (Jun) | 04:30 | 55.1 | 53.9 | 54.0 | |
| Jun 05, 2018 (May) | 04:30 | 54.0 | 52.9 | 52.8 | |
| May 03, 2018 (Apr) | 04:30 | 52.8 | 53.5 | 51.7 |
News
UK Services PMI Rises in August but Business Optimism Declines
By Investing.com - Sep 05, 2018
Investing.com - Activity in the UK service sector accelerated last month, boosting the outlook for third quarter growth, but confidence for the year ahead declined, according to a closely watched...
Economic Calendar - Top 5 Things to Watch This Week
By Investing.com - Sep 02, 2018
1
Investing.com - Trade-related headlines will continue to drive market sentiment in the week ahead, as investors watch further developments in the ongoing trade spat between the U.S. and its major...
UK Services PMI Falls to a 3-month Low in July
By Investing.com - Aug 03, 2018
Investing.com - Activity in the UK service sector slowed in July, according to a closely watched business survey released on Friday. Research firm IHS Markit said its services purchasing...
Analysis
Currencies Rally But Beware Trump’s China Decision
By Kathy Lien - Sep 17, 2018
16
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. No bulls were in sight Monday as the U.S. dollar traded lower against all of the major currencies. Softer U.S. data may finally...
Dollar Defies All Odds, Will USD/JPY Rally Continue?
By Kathy Lien - Sep 17, 2018
4
Everyone wants to know if the US dollar will continue to rise. USD/JPY defied fundamentals this past week to hit a 7-week high but the greenback did not perform as well against other major...
Near-Term Dollar Outlook: Double Bottom In Place?
By Marc Chandler - Sep 16, 2018
Contrary to our expectations, there was very little follow-through dollar buying after the jump in hourly earnings reported on September 7. In fact, the dollar lost ground against all the major...
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