The closely watched PMI survey showed activity was fractionally higher last month, compared to September, as it faces a shallow downturn.
The UK’s services sector saw a lacklustre October with activity falling for the third month in a row as businesses continue to “skirt with recession”, an influential survey has found.
The S&P Global/CIPS UK services PMI survey showed a reading of 49.5 in October, up fractionally from 49.3 in September and coming in above the flash estimates of 49.2 for the month.The industry, which spans services from hospitality, leisure and entertainment, to healthcare, transport and financial services, has been grappling with higher business costs and squeezed household budgets.
“Forward-looking survey indicators suggested that service providers will continue to skirt with recession. “The degree of optimism towards the business outlook was the lowest in 2023 so far, despite relief that interest hikes have taken a pause this autumn.
Belgique Dernières Nouvelles, Belgique Actualités
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