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S&P Global/CIPS UK Services PMI Flash

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

The S&P Global/CIPS UK Services PMI Flash is an economic indicator that measures the activity level of purchasing managers in the UK services sector. It is a leading indicator of economic health, as the services sector accounts for a significant portion of the UK economy. A PMI reading above 50 indicates expansion, while below 50 suggests contraction. This data is crucial for investors and policymakers as it provides insights into economic trends, influencing monetary policy decisions and market expectations.