UK Economy Flatlines in November as Labour Growth Push Fails

UK Economy Stagnates Amid Pre-Budget Uncertainty, PMI Data Reveals

The UK economy is facing a period of uncertainty and stagnation, as evidenced by the latest purchasing managers’ index (PMI) data from S&P Global. The composite reading for services and manufacturing stood at 50.5, barely above the benchmark figure for neutral output, suggesting a flatlining economy. This stagnation can be attributed to pre-Budget nerves, with firms pausing orders and investment… Source

UK economy flatlines in November as Labour growth push fails

The UK economy flatlined in November, researchers have suggested, as pre-Budget nerves have hit growth across the private sector.  S&P Global’s initial estimate for its purchasing managers’ index (PMI) has shown the UK economy just inching up, with firms pausing orders and investment plans before Chancellor Rachel Reeves announces sweeping tax hikes and possible spending cuts.  The composite reading for services and manufacturing was just 50.5, …

UK PMI drops to 50.5; Sluggish growth and softer prices bolster December BoE cuts

UK flash PMIs for November delivered a broadly downbeat signal on the economic outlook. Manufacturing managed to edge back into expansion territory, rising from 49.7 to 50.2 — its highest level in 14 months. But that improvement was overshadowed by a sharp drop in services activity, with PMI Services sliding from 52.3 to 50.5, a […] The post UK PMI drops to 50.5; Sluggish growth and softer prices bolster December BoE cuts appeared first on Actio…