UK PMI figures for September point to a contraction

S&P Global/CIPS reported that the UK economy slumped further in September as it struggles with rising costs and faltering demand. The Purchasing Managers’ Index (PMI) fell from 49.6 in August to 48.4 in September, the lowest level since January last…

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France’s final services PMI fell less than expected in August

S&P Global Market Intelligence reported that the French services sector’s purchasing managers’ index (PMI) fell to 51.2 in August 2022 from 53.2 in July, slightly above the initial estimate of 51.0. The PMI remains above 50, indicating an expansion of…

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