In September, UK Services PMI fell to 52.8, Manufacturing PMI dropped to 51.5, indicating a slowdown in economic growth.
In September, the UK's Services PMI fell to 52.8, below the forecast of 53.5, while the Manufacturing PMI dropped to 51.5, indicating a slowdown in economic growth. Despite this, the economy is projected to expand by 0.3% in Q3, consistent with the Bank of England's outlook. The Pound Sterling weakened against major currencies, influenced by market expectations for interest rate changes, while the Eurozone also faced declining PMI figures.
September 23, 2024
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