FXStreet (Mumbai) - The headline figure for the survey is the seasonally adjusted Markit/CIPS UK Services Business Activity Index fell to to 53.3, from August’s 55.6, indicating the weakest rate of growth since April 2013.
Key Points
The rate of expansion in new business slowed for the fifth time in six months in September. The overall pace of growth was the slowest since April 2013.
The rate of job creation was the strongest since June, but the Inflationary pressures remained relatively weak in September. Average input prices rose at a slightly faster pace than August’s seven-month low, while the service charges rose marginally.
Key Points
The rate of expansion in new business slowed for the fifth time in six months in September. The overall pace of growth was the slowest since April 2013.
The rate of job creation was the strongest since June, but the Inflationary pressures remained relatively weak in September. Average input prices rose at a slightly faster pace than August’s seven-month low, while the service charges rose marginally.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Latest Forex News
Editors’ Picks
EUR/USD rises above 1.21 amid better market mood
EUR/USD has been extending its gains, recapturing 1.21 as the market mood improves. The German ZEW Economic Sentiment beat estimates with 61.8 points. Treasury Secretary nominee Janet Yellen's testimony is awaited.
GBP/USD clings to 1.36 ahead of Yellen's testimony
GBP/USD is edging above 1.36 as markets eagerly Treasury Secretary nominee Janet Yellen's testimony. The UK parliament is set to process the Brexit deal as Britain ramps up its vaccination campaign.
Gold recovers further from multi-week lows, climbs to $1845 region
Gold gained positive traction for the second consecutive session on Tuesday. A modest USD pullback was seen as a key factor that benefitted the metal. The risk-on mood, rallying US bond yields might cap gains for the commodity.
Breaking: Ethereum explodes to new yearly high, validating upward price action
Ethereum has ascended to new yearly highs after breaking the recent peak achieved in January. The flagship altcoin is trading at $1,372 amid the push for gains eyeing $1,400.
US Dollar Index: Downside pressure alleviated above 91.00
DXY met sellers in the 91.00 neighbourhood on Monday and now retreats to the 90.50 region on turnaround Tuesday.