Recent Updates
- Israel: Average Housing Prices (Q2)
- Japan: NCI Economic Activity Index (Aug)
- US: NAHB/Wells Fargo Housing Market Index (Aug)
- Canada: Wholesale trade, MSIO (June)
- Pakistan: Foreign Currency Deposits and Utilization (JUL)
- more updates...
Economy in Brief
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
U.S. Unemployment Claims Continue on an Uptrend
Initial claims for unemployment insurance filed in the week ended August 6 rose 14,000 to 262,000...
RICS Survey Points to More U.K. Housing Sector Weakness
The survey of housing market conditions in the U.K. continues to show strength in prices versus weakness...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 | ||||||
