finance

UK MANUFACTURING AND SERVICES PMIS RELEASED

Data released by IHS Markit, a division of S&P Global, on Monday morning showed a negative preliminary reading for the UK Manufacturing Purchasing Managers' Index (PMI) for September, with the preliminary reading recording a contraction of 51.5 points, lower than market expectations of 52.3 points, and also lower than the previous reading for August, which recorded 52.5 points.

At the same time, the preliminary reading showed that the UK Services PMI grew at 52.8 points during September, lower than market expectations of 53.5 points, after the August reading had recorded growth of 53.7 points.