lundi 5 janvier 2015
3 Numbers: UK services PMI slows, US factory orders and ISM services
Posted on 22:22 by nice news
Tuesday’s a busy day for economic news, in part because a blur of updates are scheduled for purchasing managers indexes (PMIs) on both sides of the Atlantic. Several of the reports are revisions to previously published flash estimates for December. One exception is the first look at the December data for the UK Services PMI. Later, a pair of US reports deserve close attention: the monthly release of factory orders in November and the first release of the ISM Non-Manufacturing Index for December.
At one point in last year’s second half Britain’s economy was leading the developed world in economic growth. However recent data shows that the UK trend, although still positive, has decelerated. What’s behind the slower pace of growth? Political uncertainty is probably a factor. A recent survey of financial officers in Britain’s largest companies finds that “concerns about policy change after May’s General Election have risen significantly and this is seen as the biggest risk facing UK business in 2015", according to Deloitte’s Q4 CFO Survey. The key issue, of course, is the rising political fortunes of the UK Independence Party, which has recently won a couple of seats in Parliament on a platform that calls for Britain’s withdrawal from the European Union.
At one point in last year’s second half Britain’s economy was leading the developed world in economic growth. However recent data shows that the UK trend, although still positive, has decelerated. What’s behind the slower pace of growth? Political uncertainty is probably a factor. A recent survey of financial officers in Britain’s largest companies finds that “concerns about policy change after May’s General Election have risen significantly and this is seen as the biggest risk facing UK business in 2015", according to Deloitte’s Q4 CFO Survey. The key issue, of course, is the rising political fortunes of the UK Independence Party, which has recently won a couple of seats in Parliament on a platform that calls for Britain’s withdrawal from the European Union.
3 Numbers: UK services PMI slows, US factory orders and ISM services
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