The UK manufacturing sector activity dropped at the fastest pace since July 2012 in December, the preliminary report from IHS Markit showed this Monday.
The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to four-month lows of 47.4 in December versus 49.4 expected and 48.9 – November’s final reading.
Meanwhile, the Flash UK Services Business Activity Index for December came in at nine-month lows of 49.0 versus November’s final readout of 49.3 and 49.6 expected.
Source : FXstreet