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S&P Global/CIPS UK Services PMI Final

Name: S&P Global/CIPS UK Services PMI Final
Creator: TipRanks

The S&P Global/CIPS UK Services PMI Final is a monthly economic indicator that measures the performance of the UK services sector, based on surveys of purchasing managers. It provides insights into business conditions, including employment, new orders, and prices. This PMI is significant as it reflects the health of the largest sector in the UK economy, influencing monetary policy and investor sentiment. A reading above 50 indicates expansion, while below 50 suggests contraction, impacting financial markets by affecting currency values and stock prices.