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Joseph Clark
The headline seasonally adjusted S&P World Flash UK PMI Composite Output Index rose from 52.3 in June to 52.7 in July, barely increased than 52.6.
Flash Providers PMI Enterprise Exercise Index at 52.4 vs. 52.1 in June, 2-month excessive.
Flash Manufacturing PMI at 51.8 vs. 50.9 in June, a 24-month excessive.
“The flash PMI survey knowledge for July sign an encouraging begin to the second half of the 12 months, with output, order books and employment all rising at sooner charges amid rebounding enterprise confidence, whereas value pressures moderated,” stated Chris Williamson, Chief Enterprise Economist at S&P World Market Intelligence.
“The primary post-election enterprise survey paints a welcoming image for the brand new authorities, with firms working throughout manufacturing and providers having gained optimism in regards to the future, reporting a renewed surge in demand and taking over workers in better numbers. Costs have in the meantime risen at their lowest charge for 3 and a half years, additional elevating the prospect of a summer time charge reduce.” he added.
ETFs: (FXB), (EWU), (FKU), (EWUS), (FLGB).
Foreign money: (GBP:USD)
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