A post by @FirstSquawk on X.
UK OCTOBER COMPOSITE PMI AT 52.9, DOWN FROM PRELIMINARY 53.1.
@FirstSquawk on X
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UK October composite PMI was revised down to 52.9 from a preliminary 53.1, First Squawk reported. The reading still signals expansion in private-sector activity but at a slower pace than initially estimated. The downward revision matters because it suggests momentum in the UK economy was weaker than first thought at the start of the fourth quarter. Watch for follow-up revisions to services and manufacturing components, and for whether the softer print influences Bank of England rate expectations.
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United Kingdom