UK: Looking for a slight downturn in Services PMI to 53.5 - TDS

Analysts at TDS are in line with the consensus and are looking for a slight downturn in August’s Services PMI to 53.5 for UK economy.

Key Quotes

“This would mark the fourth consecutive month in a narrow 0.5pt range for this indicator, and while it remains in expansion territory, last month’s new orders sub-index suggests some future downside for the indicator, even if the employment component remains in healthy expansion territory.”