An early "flash" reading of the IHS Markit/CIPS UK Composite Purchasing Managers' Index (PMI) shot up to 57.1 from 47.7 in June, its highest level since June 2015 and above the 50 threshold for 24/07/2020 Published on 24 July 2020 at 4:36am EST on Uk.Reuters Easing UK lockdown spurs big upturn for COVID-hit business - PMI An early “flash” reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) shot up to 57.1 from 47.7 in June, its highest level since June 2015 and above the 50 threshold for growth for the first time since lockdown began in March. Easing UK lockdown spurs big upturn for COVID-hit business: PMI . FILE PHOTO: The City of London financial district can be seen in London, Britain, March 9 2020. REUTERS/Henry Nicholls. July 24
FILE PHOTO: City of London financial district can be seen in London By Andy Bruce and David Milliken LONDON (Reuters) - British businesses have reported their fastest upturn in five years and shoppers pushed their spending back to near pre-lockdown levels, a survey and data published on Friday… An early “flash” reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI) shot up to 57.1 from 47.7 in June, its highest level since June 2015 and above the 50 threshold
The Composite PMI Index measures the activity level of purchasing managers in the both sectors. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish July 24 2020 08:30 UTC IHS Markit / CIPS Flash UK Composite PMI View More July 24 2020 08:00 UTC IHS Markit Flash Eurozone Composite PMI (Español) View More July 24 2020 08:00 UTC IHS Markit Flash Eurozone Composite PMI (Italiano) View More
The composite PMI, which combines the services and manufacturing output indexes, rose in January to 53.3 from the earlier flash reading for the month of 52.4 and December’s 49.3, reaching its The PMI for the services sector, which comprises the bulk of Britain’s economy, rose to 56.6 in July from 47.1, the highest reading in five years and topping all forecasts in the Reuters poll. An early "flash" reading of the IHS Markit/CIPS UK Composite Purchasing Managers' Index (PMI) shot up to 57.1 from 47.7 in June, its highest level since June 2015 and above the 50 threshold for growth for the first time since lockdown began in March. A Reuters poll this week suggested the economy could contract by more than 9% this year, its biggest downturn since the 1920s. The PMI's gauge of employment worsened in July, chiming with other indicators that suggest a wave of job cuts is on the way. Government budget forecasters have warned the jobless rate could rise to its highest since the The flash composite PMI - which includes about 85% of firms in the full survey - sank to 37.1 from 53.0, its lowest since the survey started in January 1998 and below all forecasts in a Reuters
Composite Pmi in the United Kingdom averaged 53.62 points from 2013 until 2020, reaching an all time high of 61.80 points in October of 2013 and a record low of 13.80 points in April of 2020. This page provides - United Kingdom Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. The IHS Markit/CIPS Flash UK Composite Purchasing Managers’ Index (PMI) fell to a record low of 12.9 from 36.0 in March - not even close to the weakest forecast in a Reuters poll of economists The composite PMI, which combines the services and manufacturing sector, rose to 47.7 in June, up from 30.0 in May and again slightly higher than a preliminary reading of 47.6. 24/07/2020 · The PMI for the services sector, which comprises the bulk of Britain's economy, rose to 56.6 in July from 47.1, the highest reading in five years and topping all forecasts in the Reuters poll. Still, IHS Markit said it received reports that demand had been weaker than expected for some services businesses returning from lockdown, which lifted for bars and restaurants on July 4.