The Markit UK Manufacturing PMI for August is due today, September 3 at 0830GMT
The following two days then see construction and services/composite PMIs
Preview via Nomura:
- The July composite PMI took a turn for the worse thanks largely to the deterioration in the services component (manufacturing was down only modestly, while construction was up). Still, it is worth noting that at 53.6 the composite output index stood very close to its average during the year to date (53.8).
- We expect the manufacturing index to be unchanged, while we would not be surprised to see some improvement in the services index - albeit not back to June levels. We have the composite index regaining 0.4 points to take it to 54.0 - consistent with between 0.4% and 0.5% q-o-q economic growth.
