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Special Topics
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 | ||||||
