UK: Downside risks to the August Services PMI - TDS

Analysts at TD Securities see downside risks to the UK August Services PMI.

Key Quotes

“Markets anticipate an improvement to 53.9, while we expect the index to print at 53.2. While healthy retail activity likely supported sentiment in that sub-sector in August, disappointing activity in manufacturing and construction in August (as evidenced by Monday and Tuesday's PMIs) likely weighed on broader services sentiment.”