Highlights of the September 2015 UK Markit CIPS services PMI data report 5 October 2015
– 53.9
– New orders 55.0 vs 56.2 prior
– Expectations 68.8 vs 70.7 prior
Ouch. Not a good number. Services at their lowest since Apr 2013. Markit says that it all points to Q3 GDP of 0.5% q/q and entering Q4 at a rate of 0.3% q/q