UK S&P Global Services PMI Final (Oct) 52.8 vs. Exp. 53.1 (Prev. 52.1)
Newsquawk Staff ·
- "October data highlighted a combination of faster output growth and stronger price pressures across the UK service economy, mirroring the trends in the manufacturing sector. These signals underscore the near-certainty of a Bank of England rate hike in November and collectively raise the likelihood of further Bank of England policy tightening into 2027."
- "Input price inflation accelerated for the third month in a row to its highest since May. The latest steep increase in average cost burdens was mainly linked to higher fuel and transportation bills, alongside rising salary payments and energy prices."
Sources
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