Home UK services PMI drops to 50.4 in November, a negative surprise

UK services PMI drops to 50.4 in November, a negative surprise

Published date: 5 Dec. 2018 | 10:32

The services sector activity in the UK economy deteriorated unexpectedly in the month of November, surprising markets to the downside, a fresh report from Markit Economics showed on Wednesday.

The services PMI dropped to 50.4 in November versus a 52.2 reading booked in October. Markets predicted 52.5 last month.

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