FLASH: PMI strengthened despite hike signalling
- The services PMI increased by 2-points to 55.6 in October, which is close to the post-referendum highs. A negative correlation with the comparable ONS data over the past year makes it hard to be too excited about this.- Even after this rise, the BoE’s hike has been against a backdrop of historically weak growth, but that probably reflects poor potential growth. It is at least encouraging that business confidence strengthened despite rate hike signalling.
Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.