Recent Updates
- China: 70-City Property Prices (Nov)
- Serbia: Labor Cost Index (Q3); CPI (NOV)
- Czech Republic: Mortgage Loans (Q3)
- US: IP & Capacity Utilization, Advance Retail Sales (Nov), ECEC (Q3)
- US: Manufacturing and Composite PMI (Nov)
- Albania: Wage Indexes (Q3); Production Index (Q3)
- Canada: National Balance Sheet & Flow of Funds (Q3)
- more updates...
Economy in Brief
U.S. Industrial Production Rebounds
Industrial production jumped a greater-than-expected 0.6% (3.9% year-on-year) during November...
U.S. Business Inventory Accumulation Picks Up
Total business inventories increased 0.6% (5.1% y/y) during October...
U.S. Import Prices Weaken As Petroleum Prices Fall; Export Prices Also Decline
Import prices fell 1.6% (+0.7% y/y) during November following an unrevised 0.5% October rise...
U.S. Government Budget Deficit Surges Unexpectedly
The U.S. Treasury Department reported that the federal government ran a $204.9 billion budget deficit during November...
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance fell to 206,000 (-7.6% y/y) during the week ended December 8...
by Robert Brusca December 5, 2007
The UK services PMI from NTC is falling sharply. It dropped
sharply in October and again in November. Among the three key PMI
sectors, manufacturing, construction and services, the services index
has the weakest reading as it resides in the 32nd percentile of its
range. There are only three episodes since 1998 when the services
reading was weaker than it is now. Each time in the past when the
service sector index fell to where it stands today, it was simply on
its way to a much lower level. Be advised.
| MFG, Construction and Services PMI CIPS/NTC | ||||||
|---|---|---|---|---|---|---|
| Monthly readings | Change over: | percentile | ||||
| Nov-07 | Oct-07 | 3MO | 6MO | 12MO | of range | |
| MFG | 54.38 | 52.82 | -1.61 | -0.38 | 1.61 | 65.8 |
| Construction | 54.32 | 57.41 | -10.50 | -3.69 | -0.46 | 36.1 |
| Services | 51.95 | 53.08 | -5.60 | -5.23 | -7.83 | 32.9 |
| MFG range since January 1992; Construction Since April 1997 Services Since July 1996 | ||||||
