UK: Expect further gains in services PMI to 56.0 – TDS

Analysts at TDS suggest that for November UK Services PMI, they expect further gains in the month to 56.0, against consensus looking for a fall to 55.0.

Key Quotes

“Spillovers from positive sentiment in the domestic manufacturing industry and the euro area services PMI should provide some support here. The FPC’s record from its 22 November meeting is released. Given the release of the FSR last week (and the accompanying change to the Countercyclical Capital Buffer), we don’t expect any material announcements today.”