Britain’s next key data release won’t be until the 3rd of January, when market watchers can expect S&P’s PMI data. This is one release that will be watched closely as the Purchasing Managers’ Index measures the performance of the UK’s manufacturing sector. A reading above 50 indicates an expansion whereas anything below 50 represents a contraction. Additionally, a reading of 50 indicates no change at all. With markets predicting the UK’s PMI to fall to 44.7 in the January release, this points to contraction in the manufacturing sector’s performance.
GBP: UK PMI to fall in the new year
Christopher Nye
on December 29th, 2022 
