Thursday, 26 March 2015 11:44

Brief on UK PMI Data, January 2014

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On 2nd January we have Manufacturing PMI, expected 58.3 same as previous month. Since, June 2013 Manufacturing PMI was above 50, which indicate industry expansion. On last month the PMI was 58.4 highest since March 2011.

On 3rd January we have Construction PMI, expected 62.3 slight below previous month 62.6.On last month the PMI was 62.6 highest since September 2007. PMI was noted above 50 from Aug 2013, which indicate expansion.

On 6th January we have Service PMI; last month was noted 60, which was below expectation at 62.1. However, PMI was above 50 from January 2013.

In previous month PMI data were supported by improvement in Infrastructure and Residential building sector, increase in number of Job creation and new orders. The recovery in Industrial activity has given boost to purchasing activity and in previous month sector faced some shortage in raw material. The improvement in new business and performance supported Services PMI last month.

 

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