UK November Service PMI 50.8... Exceeds Forecast

S&P Global/CIPS announced on the 4th (local time) that the UK services Purchasing Managers' Index (PMI) for November recorded 50.8, surpassing the forecast of 50.0.

The PMI was above the baseline of 50, indicating that the economy has entered an expansion phase. However, it fell by 1.2 points compared to the previous month (52.0).