6 Aug 2019 The PMIs Are Consistent With a Fragile--Not Flatlining--Economy

Samuel Tombs (UK Economist)5th Aug 2019 14:10U.K., Economic Monitor

The rise in the Markit/CIPS services PMI to a nine-month high of 51.4 in July, from 50.2 in June, isn't a game-changer, though it does provide some reassurance that the economy isn't on a downward spiral.

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Markit/CIPS services PMI GDP growth manufacturing PMI construction PMI interest rates asset purchases stock-building EU referendum dot.com bubble no-deal Brexit trump trade war US-Sino trade war US-China trade war government spending Spring Statement retail sales consumer confidence headcounts services PMI Bank Rate price increases sterling depreciation wage growth profit margins fixed rate debt mortgage rates

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