UK: Downside risks for services PMI - TDS

Analysts at TDS are already looking for downside risks for today’s UK services PMI, forecasting a 1pt fall to 52.8 (mkt 53.5).

Key Quotes

“But our conviction has increased after the downside we saw in the both the manufacturing and construction PMIs already this week, with political uncertainty named as a factor in those reports, and likely to put downward pressure on services sentiment as well.”