December 2017 UK Markit/CIPS services PMI 4 January 2018

  • Prior 53.8
  • New orders 53.0 vs 53.9 prior. Lowest since Aug 2016
  • Composite 55.0 vs 54.9 exp. Prior 54.9. Revised to 54.8

A decent if not spectacular rise in services but like the euro, the quid ain’t moving.

Markit notes;

  • Sharper rise in business activity in December
  • New order growth eases to 16-month low
  • Input price inflation hits three-month high
  • Services point to Q4 GDP of 0.4-0.5%

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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