Search ForexCrunch
  • UK Manufacturing PMI falls sharply from six-month highs.
  • UK Services PMI enters contraction in November.

The UK manufacturing sector activity contraction quickened sharply in the month of November, the very first preliminary report from IHS Markit showed this Friday.  

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to two-month lows of 48.3 in November versus 49.0 expected and six-month highs of 49.6 – October’s final reading.

Meanwhile, the Flash UK Services Business Activity Index for November came in at 40-month lows of 48.6 versus October’s final readout of 50.0 and 50.0 expected.