UK: Services PMI to remain a little below its long-run average - Nomura

Analysts at Nomura expect the UK’s business activity index of the PMI services survey to remain a little below its long-run average (by around a point at 54.0).

Key Quotes

“While the global services index did not rise as much as the manufacturing index during last year’s stronger growth outturns, neither has it fallen as much as the global economy slows. The same pattern can be seen in the UK data.”