wrapper

UK Services PMI at lowest level since April 2013

Monday, Oct 05 2015
The headline figure fell for the third month in succession, however, to 53.3, from August’s 55.6, indicating the weakest rate of growth since April 2013. Analysts were anticipating incline to 56.4. Correspondingly, the average reading for the Index over the third quarter as a whole (55.4) was the weakest since the second quarter of 2013.
 
 
Total business activity rose at the slowest pace since April 2013, as did the volume of incoming new work. Outstanding business rose only fractionally as a result, while the longer-term outlook sank to the weakest since August 2014. Input prices rose solidly, linked to salary pressures, but charges levied by service providers increased only marginally. The main positive from the latest survey was the strongest rise in employment in three months. 
 
Sterling is currently being traded 1.5180 level. Pair is likely to find support around 1.5130 area and resistance above 1.5230 level. Later today, in the US session, Non-Manufacturing PMI figures are scheduled for a release.
More in this category: « Spanish and Italian Services PMI disappoints in September US Non-Manufacturing PMI fell to 56.9 »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.