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6 May 2015
UK services PMI might see a below consensus drop – TDS
FXStreet (Barcelona) - The TD Securities Team expects UK services PMI to print a below consensus expectations number at 58.0 (consensus at 58.5).
Key Quotes
“The services PMI managed to rebound a little more than expected in March, but given the softness we’ve seen in the Eurozone PMIs and the UK manufacturing and construction PMIs, we think there’s potential to see a sharper drop in the services PMI as well. Markets are looking for a decline from 58.9 to 58.5, but we think that we could see a reading closer to 58.0 or even lower instead.”
Key Quotes
“The services PMI managed to rebound a little more than expected in March, but given the softness we’ve seen in the Eurozone PMIs and the UK manufacturing and construction PMIs, we think there’s potential to see a sharper drop in the services PMI as well. Markets are looking for a decline from 58.9 to 58.5, but we think that we could see a reading closer to 58.0 or even lower instead.”