UK: Services PMI fell slightly to 53.9 in September – TDS

Analysts at TD Securities note that the UK’s Services PMI fell slightly to 53.9 in September, largely in line with market expectations, and comfortably in the middle of its two-year range.

Key Quotes

“Survey respondents noted that hiring edged up to a 7-month high, but new orders eased slightly. Firms noted that political uncertainty and Brexit worries remained the key constraint on growth, leading to tighter budget plans.”