, 3 tweets, 1 min read
All sector PMI Sept down to 48.8 - often an indicator of contraction in GDP of 0.1% - which would mean technical recession -No Deal concerns cited by @IHSMarkitPMI . This time stockpiling effects more likely to mean Q3 +01./0.2 - but overall broad-based (inc services) weak number
Here’s the full report - other than immediate aftermath of referendum, first time all three - construction, manufacturing and Services indicating decline, since 2009...
... government spending increases could also lift actual q3 GDP number when it reports next month versus the weak picture from this important private sector survey.
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