Christopher Nye
on January 3rd, 2023 The latest S&P purchasing manager’s index data will be released shortly. Markets are expecting the index to take another dip after falling in the previous release. In December, the S&P Global/CIPS UK Manufacturing PMI declined to 44.7, from 46.5 in November, while analysts expected it to drop to a more gentle 46.3.
This was the lowest PMI reading since May 2020, revealing that the UK’s manufacturing production fell at the sharpest pace since August. Today’s data will be released at 10:30am.
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