UK PMI composite dropped to 54.1, heading towards a bout of stagflation

UK PMI Manufacturing dropped from 60.3 to 56.3 in September, below expectation of 59.0, a 7-month low. PMI Services dropped from 55.0 to 54.6, below expectation of 55.0, a 7-month low. PMI Composite dropped from 54.8 to 54.1, also a 7-month low. Chris Williamson, Chief Business Economist at IHS Markit, said: “The September PMI data […]

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