UK composite PMI eases to 51.8 in October, services PMI revised slightly higher
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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UK Composite PMI Decline: The S&P Global UK Composite PMI decreased to 51.8 in October from 52.6 in September, indicating the slowest growth since November 2023, driven by weaker performance in both manufacturing and services sectors.
Service Sector Growth Eases: The S&P Global UK Services PMI was slightly revised up to 52, showing continued expansion but a slowdown in growth due to heightened business uncertainty and concerns regarding the economic outlook ahead of the Autumn Budget.
Analyst Views on USD
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 56.380
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Current: 56.380
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
