US EditionUK services and composite PMIs underwhelm economists
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UK services and composite PMIs underwhelm economists
The UK service sector saw a “modest expansion” in March but economists overestimated S&P Global’s purchasing managers’ index (PMI) readings for the month. S&P Global’s latest composite PMI reading, which takes an average of manufacturing and services output for the month, came in at 51.5. The figure points to a slight expansion in UK output as it skimmed the 50-figure benchmark. But a Bloomberg poll of economists predicted that the UK’s compos…
·London, United Kingdom
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