Manufacturing and Services PMI Trends: The UK S&P Global Manufacturing PMI Flash rose to 50.2 in November, while the Services PMI fell to 50.5, indicating a slowdown in service sector activity and a decline in new work for the first time since July.
Economic Growth and Business Activity: The adjusted S&P Global Flash UK PMI Composite Output Index recorded 50.5, suggesting continued but slowing growth in the private sector, with average cost burdens increasing and inflation rates accelerating.
Economic Outlook and Job Market: Chris Williamson from S&P Global noted that the PMI data indicates stalled economic growth, accelerated job losses, and deteriorating business confidence, aligning with a minimal GDP growth forecast for November.
Potential Policy Shifts: The current economic conditions may lead to a shift in policy focus from inflation concerns to supporting the economy, increasing the likelihood of interest rate cuts in December.
Wall Street analysts forecast EWU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWU 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.
0 Analyst Rating
Wall Street analysts forecast EWU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWU 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.
0 Buy
0 Hold
0 Sell
Current: 45.160
Low
Averages
High
Current: 45.160
Low
Averages
High
No data
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.
