Weak UK retail sales in October spark questions on demand-driven inflation trends….Read More
Tag: trading the news
Michigan Consumer Sentiment Rises To 71.8, Missing Analyst Expectations
The University of Michigan commented: “Consumer sentiment was little changed this month, inching up 1.3 index points from October. In November, sentiment extended a four-month stretch of consecutive incremental increases.”…
Eurozone PMI Hits 10-Month Low as Services Join Manufacturing in Contraction
Why Is the Services Sector Losing Momentum? After two months of marginal growth, the services sector joined manufacturing in contraction. The Services PMI fell to 49.2, its lowest level since…
UK PMI Drops Below 50: Manufacturing and Services Hit 13-Month Lows in November
Employment and Cost Pressures Private sector employment declined for the second consecutive month, with businesses refraining from replacing voluntary leavers to manage rising payroll costs. Workforce reductions were more pronounced…