Markit/CIPS Services Purchasing Managers Index shows the activity of purchasing managers in the services sector. It is calculated by the Markit agency and the Charted Institute of Procurement and Supply using a questionnaire. Managers evaluate business and economic conditions in their sector, as well as provide their short-term expectations.
A reading above 50, indicates a favorable environment for sector expansion. The index growth may have a positive effect on the British pound quotes.
The chart of the entire available history of the "Markit/CIPS United Kingdom Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.