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  • James Boston
    Forex » UK Services PMI Recovers Strongly
    James Boston - December 3, 2014, 10:42 GMT

    The UK’s Purchasing Managers Index (PMI) for the Services Sector appears to have rebounded according to the latest figures from Markit Economics and CIPS. This rebound takes the indicator back to it’s medium term average levels which make last month’s large and unexpected fall look more like an anomaly than anything more fundamental. The latest

  • James Boston
    Forex » EURUSD Softer On Weak Eurozone PMI’s
    James Boston - November 20, 2014, 10:46 GMT

    The key Purchasing Managers Indices (PMI), as published by Markit Economics, are showing further weaknesses in the main sectors across the Eurozone. The preliminary November figures are generally lower for both the Services and the Manufacturing sectors and although subject to revision later in the month the information so far does not point to an

  • James Boston
    Forex » Sharp Fall In Eurozone Retail Sales
    James Boston - November 5, 2014, 10:51 GMT

    The softness in the European consumer sector is more prevalent than initially anticipated according to the latest Retail Sales figures just published by Eurostat. The September numbers are showing a contraction of -1.3% month on month, this represents a turnaround on the 0.9% growth experienced in August and although an expectation existed for a negative

  • James Boston
    Forex » UK Services PMI At 3 Month Low
    James Boston - October 3, 2014, 09:19 GMT

    September has produced an unusual down blip for the UK economy in terms of the month’s Purchasing Managers Indices (PMI). Following the round of finalised numbers across the sectors this week the overall Composite PMI is reading lower at a level of 54.7, this number had been trending solidly upwards and the scale of the

  • James Boston

    Subsequent to yesterday’s poor to medium manufacturing figures, Markit Economics have updated their September Purchasing Managers Indices (PMI) for the Services sector across the Eurozone. The latest readings for the month of September, with rare exception, are pointing to a softening in the Eurozone’s services industries. The headline Services PMI rate for the bloc now

  • James Boston
    Forex » US Durable Goods Orders On The Rise
    James Boston - September 25, 2014, 19:08 GMT

    US Consumer Sentiment is continuing to remain strong according to the latest Bloomberg Consumer Confidence survey, this weekly check on the pulse of the consumer sector in the world’s largest economy is now showing a reading ox 37.2, this is in line with last week’s number of 37.2. Meanwhile there are ongoing signs of robustness

  • H.S. Borji

    The US service economy maintained its robust growth pace in September, as new business expanded at the fastest pace since June, contributing to a solid pick up in overall employment. Markit Group’s flash estimate of US service activity declined to 58.5 from 59.5. A median estimate of economists called for a decline to 59. A

  • James Boston

    Markit Economics have this morning provided updates to the Eurozone’s Purchasing Managers Indices (PMI) in the form of preliminary September numbers. The overall Composite reading has fallen marginally from 52.5 in August to today’s 52.3, this was expected to remain stable at the August level. Underlying this is a further fall in the Manufacturing data,

  • James Boston

    The robustness of the UK economic recovery received confirmation yesterday in the form of an unexpected rise in the Manufacturing sector data. Further evidence of strength has been presented this morning under the guise of the Purchasing Managers Index (PMI) for the UK Services sector. The August figure just released by Markit Economics is 60.5,

  • James Boston

    The Markit Economics Manufacturing data across the Eurozone disappointed markets yesterday. The follow on Services Purchasing Managers Indices (PMI) today don’t appear to be offering any more of a positive outlook. The headline number for August for the single currency bloc is now reading at 53.1, this has fallen from July’s 54.2 and misses the

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