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UK services PMI drops sharply to 52.2 in October, a big miss on expectations
Monday, 5 November 2018 17:11 WIB | ECONOMY |PMI U.K.Ekonomi inggris

The services sector activity in the UK economy deteriorated more-than-expected in the month of October, missing the consensus forecast, a fresh report from Markit Economics showed on Monday.

The services PMI dropped to 52.2 in October versus a 53.9 reading booked in September. Markets predicted 53.3 last month.

Key Points:

A moderate rise in business activity during October.

New work increases at slowest pace since July 2016.

Strong input cost inflation continues.

FXstreet

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