www.varchev.com

UK – PMI mixed data but a lot lower than previous ones

Production PMI

Previous: 49.8
Forecasts: 40
Current: 48.0
Above expectations

PMI in services

Previous: 52.5
Forecasts: 42
Current: 35.7
Below expectations

Combined PMI

Previous: 52
Forecasts: 39.8
Actual: 37.1
Below expectations

Despite the fall in total annual inflation compared to January, the base of the index actually reports slightly higher values, but we still do not see any significant growth as the numbers fall within our known range. Therefore, data does not make a big impression on traders and cannot shift the focus of the market.


 Trader Georgi Bozhidarov


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance