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Economy in Brief
Philadelphia Fed Factory Conditions Plunge
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index retreated to 19.9 during June...
U.S. FHFA House Price Index Improves Minimally
The FHFA U.S. house price index nudged 0.1% higher (6.4% y/y) during April...
U.S. Initial Unemployment Insurance Claims Down Slightly
Initial claims for unemployment insurance were 218,000 during the week ended June 16...
U.S. Existing Home Sales Decline While Prices Rise
The NAR U.S. existing home sales fell 0.4% (-3.0% y/y) during May to 5.430 million units (AR)...
U.S. Current Account Deficit Widens
The U.S. current account deficit rose to $124.1 billion during Q1 2018...
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 | ||||||
