UK: PMI services index likely fell to 53.2 in November – Danske Bank

Research Team at Danske Bank, suggests that in the UK, the most important data release today is the PMI service index for November.

Key Quotes

“The index has rebounded since the EU vote, but the fall in the service confidence indicator may signal that growth is beginning to slow due to Brexit uncertainties and the weaker GBP. We estimate the PMI services index fell to 53.2 in November from 54.5 in October.”        

“Note also in the UK, that the Supreme Court hearing on the government's appeal against the High Court ruling that Parliament must vote on triggering Article 50 will begin today.”